2008 (11) TMI 488

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....DR, for the Appellant. S/Shri R. Raghavan and M. Kannan, Advocates, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - The issue in this case relates to the interest applicable to warehoused goods. 21 Bills of Entry were filed by respondents herein; goods were warehoused prior to 1-6-2001; the warehoused goods remained in the warehouse for less than 180 days but in so....

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....or of Customs & Central Excise v. J.K. Synthetics Ltd. [1991 (56) E.L.T. 236 (Tribunal)]. It is against the decision of the lower appellate authority that the Revenue is in appeal. 2. We have heard both sides. 3. We find that it is now well settled that Notification dated 22-5-2001 reducing the interest-free period in respect of the warehoused goods from 180 days to 30 days will ap....