https://www.taxtmi.com/caselaws?id=50606 The Tribunal set aside the duty demands, interest, and penalties imposed on imported consignments warehoused under Customs "Bond" but not cleared within the permitted period. It was held that the full duty can only be demanded after the expiration of the permitted warehousing period or any extension granted. The Tribunal emphasized that duty payable should be determined at the rate applicable on the date of removal from the warehouse, and pending extension applications must be considered before confirming demands prematurely. The appeals were allowed for redetermination of duties, interest, and penalties in accordance with the law. en-us Tue, 12 Jun 2001 00:00:00 +0530 Mon, 23 Aug 2010 16:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50606 The Tribunal set aside the duty demands, interest, and penalties imposed on imported consignments warehoused under Customs "Bond" but not cleared within the permitted period. It was held that the full duty can only be demanded after the expiration of the permitted warehousing period or any extension granted. The Tribunal emphasized that duty payable should be determined at the rate applicable on the date of removal from the warehouse, and pending extension applications must be considered before confirming demands prematurely. The appeals were allowed for redetermination of duties, interest, and penalties in accordance with the law. Case-Laws Customs Tue, 12 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50606