Warehousing – Charging of interest on warehoused goods – Clarification thereto – regarding –

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....ter F.No.473/12/2001-LC, dated 11.10.2001 and Circular No.62/99-Cus., dated 17.09.1999 (F.No.473/24/97-LC) on the subject cited above. 2. The aforesaid circulars were issued on the basis of advice from the Law Ministry. The said advice under para 6 stated as under :- " …. once there is an amendment to the Act modifying the terms and conditions subject to which the goods shall 'remain wareh....

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....nistry of Law. Ministry of Law has opined that an advice is an opinion and cannot be equated with a binding order of a Court/ Tribunal. As such, there is no need to reconsider the advice to bring it in tune with the subsequent judgements since the same has exhausted its effect. 5. It is accordingly clarified that an amendment to the Customs Act modifying the terms and conditions subject to whic....