https://www.taxtmi.com/caselaws?id=54643 Interest on customs duty payable for warehoused capital goods, spares and raw materials imported under an exemption notification was excluded by the applicable exemption covering goods warehoused under Chapter IX of the Customs Act. Interest could therefore not be confirmed merely because customs duty became payable. Delay in granting permission to withdraw from the EOU scheme and de-bond the unit also supported the conclusion that the interest demand was unsustainable. The interest demand on the imported warehoused goods was set aside. en-us Wed, 19 Oct 2005 00:00:00 +0530 Thu, 21 Oct 2010 12:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54643 Interest on customs duty payable for warehoused capital goods, spares and raw materials imported under an exemption notification was excluded by the applicable exemption covering goods warehoused under Chapter IX of the Customs Act. Interest could therefore not be confirmed merely because customs duty became payable. Delay in granting permission to withdraw from the EOU scheme and de-bond the unit also supported the conclusion that the interest demand was unsustainable. The interest demand on the imported warehoused goods was set aside. Case-Laws Customs Wed, 19 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54643