https://www.taxtmi.com/caselaws?id=46183 In customs matters, the taxable event for duty is the clearance of goods from a bonded warehouse for home consumption, and the applicable duty rate is determined on that clearance date. Where a special additional duty comes into force before such clearance, it applies to the imported goods even if they were earlier imported or warehoused. Excise principles were treated as inapplicable because excise is levied at manufacture, not at customs clearance. The result is that duty liability follows the date the goods cross the customs barrier on warehouse clearance, not the date of import or warehousing. en-us Wed, 20 Mar 2002 00:00:00 +0530 Thu, 09 Apr 2020 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46183 In customs matters, the taxable event for duty is the clearance of goods from a bonded warehouse for home consumption, and the applicable duty rate is determined on that clearance date. Where a special additional duty comes into force before such clearance, it applies to the imported goods even if they were earlier imported or warehoused. Excise principles were treated as inapplicable because excise is levied at manufacture, not at customs clearance. The result is that duty liability follows the date the goods cross the customs barrier on warehouse clearance, not the date of import or warehousing. Case-Laws Customs Wed, 20 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46183