https://www.taxtmi.com/caselaws?id=53658 Goods remaining in a bonded warehouse after expiry of the original warehousing period continue to retain their warehoused status and are not treated as cleared from customs merely because time has lapsed. On that basis, EPCG-linked relief could be extended where the goods had not been cleared on payment of duty, and the relevant policy and Notification No. 49/2000-Cus. were read as permitting issuance and use of a valid licence for such goods. The later Board circular was also treated as recognising that warehoused goods retain that character after expiry of the warehousing period. Duty and interest could not therefore be insisted upon as a condition for export, and the warehousing arrangement was extended. en-us Wed, 01 Dec 2004 00:00:00 +0530 Thu, 23 May 2024 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53658 Goods remaining in a bonded warehouse after expiry of the original warehousing period continue to retain their warehoused status and are not treated as cleared from customs merely because time has lapsed. On that basis, EPCG-linked relief could be extended where the goods had not been cleared on payment of duty, and the relevant policy and Notification No. 49/2000-Cus. were read as permitting issuance and use of a valid licence for such goods. The later Board circular was also treated as recognising that warehoused goods retain that character after expiry of the warehousing period. Duty and interest could not therefore be insisted upon as a condition for export, and the warehousing arrangement was extended. Case-Laws Customs Wed, 01 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53658