2015 (1) TMI 18

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....than, Addl. Commissioner (AR), for the Respondent. ORDER The appellant is a proprietary concern engaged in importing liquor for domestic consumption and sale through Karanataka State Beverages Corporation which regulates sale of liquor in the State of Karnataka. The appellant filed bill of entry No. 10726, dated 27-11-2004 warehousing the goods at M/s. Container Corporation of India Ltd. by ....

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....le from the date of warehousing till the date of relinquishment of the title to the goods under proviso to Section 68 read with Section 72(1) of the Customs Act, 1962 and imposed a penalty of Rs. 10,000/- under proviso to Section 68 read with Section 117 of the Customs Act, 1962. The appeal filed by the appellant against this decision has been rejected and hence the matter is before me today. 2....

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.... relinquishment, he shall not be liable to pay duty thereon." (emphasis supplied). 2. While it is clear that upon relinquishment of the title of the goods, the importer gains a freedom from liability to pay duty thereon, there appears to be some confusion in the field, whether such freedom also extends to the 'interest accrued on the said duty till the date of such relinquishment'. The con....