https://www.taxtmi.com/caselaws?id=47359 The court ruled in favor of the petitioner, quashing and setting aside condition No. 5 in the letter that imposed liability to pay interest for re-exporting warehoused goods. Citing legal principles and precedents, the court emphasized that interest under Section 61(2) of the Customs Act is linked to duty payable, and in cases of re-export where no duty is levied, interest does not apply. The judgment made the rule absolute with no order as to costs. en-us Thu, 10 Aug 2000 00:00:00 +0530 Wed, 28 Jul 2010 13:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47359 The court ruled in favor of the petitioner, quashing and setting aside condition No. 5 in the letter that imposed liability to pay interest for re-exporting warehoused goods. Citing legal principles and precedents, the court emphasized that interest under Section 61(2) of the Customs Act is linked to duty payable, and in cases of re-export where no duty is levied, interest does not apply. The judgment made the rule absolute with no order as to costs. Case-Laws Customs Thu, 10 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47359