2007 (9) TMI 127

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....Central Excise & Customs, Vadodara. 2. The appellants M/s Indian Oil Corporation imported crude oil.  Initially they stored the same in the public bonded warehouse.  Later they pumped the crude oil to the private bonded warehouse at Vadodara under warehousing bill of entry.  As and when the crude oil was required for production of petroleum product, ex-bond of bill of entry was fil....

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....ugned order. 4. We have heard both the sides.  The learned Advocate urged the following two points: (i) Taking us through the provisions of Section 61 of the Customs Act,  it was urged that the goods were cleared within a period of 30 days from the date of warehousing in the private bonded warehouse.  The learned Advocate argued that the period of 30 days should be reckoned only f....

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.... clearance is covered by documents and it cannot be stated that the appellants had suppressed facts with an intention to evade the interest liability.  In these circumstances, he argued that the invocation of longer period is not sustainable. 5. On a careful consideration of the entire issue, we are of the opinion that for reckoning interest liability the total period of warehousing only sho....