https://www.taxtmi.com/caselaws?id=54871 The appeal was allowed in the case involving imported "Memory Chips" warehoused by the appellants. The appellants sought an extension of the warehousing period, which was not responded to by the Department, leading to the relinquishment of title under section 23(2) of the Customs Act. Despite the rejection of re-export permission and imposition of duty and penalty, the appellants' reliance on the amended Section 68 exempting duty payment upon relinquishment of title before clearance for home consumption was accepted. Consequently, no duty, interest, or penalty was deemed payable, and the appeal provided relief to the appellants based on the interpretation of relevant legal provisions and amendments. en-us Fri, 09 Dec 2005 00:00:00 +0530 Fri, 22 Oct 2010 15:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54871 The appeal was allowed in the case involving imported "Memory Chips" warehoused by the appellants. The appellants sought an extension of the warehousing period, which was not responded to by the Department, leading to the relinquishment of title under section 23(2) of the Customs Act. Despite the rejection of re-export permission and imposition of duty and penalty, the appellants' reliance on the amended Section 68 exempting duty payment upon relinquishment of title before clearance for home consumption was accepted. Consequently, no duty, interest, or penalty was deemed payable, and the appeal provided relief to the appellants based on the interpretation of relevant legal provisions and amendments. Case-Laws Customs Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54871