Applicability of interest on warehoused goods under Section 61 of the Customs Act, 1962 – Clarification thereto – regarding -

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....ds under Section 61 of the Customs Act, 1962 – Clarification thereto – regarding - I am directed to state that Board is in receipt of references seeking clarification regarding applicability of appropriate rate of interest on goods warehoused under Section 61 of the Customs Act, 1962. It has been contended that the interest of 24% p.a., fixed vide Notification No. 10/2001-Customs (NT), dated....