Duty on goods after expiry of Wareholusing period

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.... expiry of warehousing period. I am directed to refer to Board's instructions as contained in F.No. 473/ 206/ 87 - Cus-VII dated 12.7.98 on the above mentioned subject wherein it was clarified that on expiry of the permissible or extended warehousing period the goods kept in a warehouse cease to be warehoused goods and, therefore, their removal from the warehouse cannot be regarded as cover....

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....t removed from a warehouse within the permissible or extended period are to be treated as goods improperly removed from the warehouse. In such a case the importer is required to pay the full amount of duty chargeable on the goods together with interest, penalties, rent and other charges. It was further held that the duty would be chargeable at the rate applicable on the date of their deemed remova....