Warehoused goods- Calculation of customs duty

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....oods are cleared after the exipry of warehousing period- 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 Go....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....piry of warehousing period, the goods kept in a warehouse cease to be warehoused 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 according....