Warehousing - Waiver of interest on re-export of warehoused goods u/s 69 of the Customs Act, 1962 – Clarification thereto – regarding –

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....C Government of India Ministry of Finance Department of Revenue To All Chief Commissioner of Central Excise & Customs All Chief Commissioner of Central Excise All Chief Commissioner of Customs All Chief Commissioner of Customs (Preventive) Sub : Warehousing - Waiver of interest on re-export of warehoused goods u/s 69 of the Customs Act, 1962 - Clarification thereto - regarding - ….. S....

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....E.L.T. 12 (SC), wherein the Apex Court has held that the interest on warehoused goods is merely an accessory of the principal and, if the principal is not recovered/payable, so is the interest on it. The interest under Section 61 (2) of the Customs Act, 1962 has, thus, no independent or separate existence. 3. Board has further decided to delete para 2 (xii) of the Board's guidelines dated 27.12.....