Warehoused goods- Calculation of customs duty

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....riod- regarding. I am directed to refer to the board's circular F.No. 473/ 206/ 87/ CUS - VII dated 12.7.89 (copy enclosed) on the above subject and to say that the instructions contained therein may please by strictly adhered to. Sd/- ( K. Chopra ) Under Secretary to the Govt. of India   F.No. 473/206/87- Cus -VII Government of India Ministry of Finance Department of Revenue Ce....

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....sed goods and, therefore, their removal from the warehouse cannot be regarded as covered by the provisions of section 15(1)(b) of the Customs Act. It was also noted that there was no specific legal provision to determine the rate of duty in such cases of warehoused goods where the bond period has expired. It was accordingly concluded that the residual clause of section 15(1)(c) of the Customs Act ....