Appellants Dispute Duty Remission for Fire-Damaged Warehoused Goods; Insurance Requirement and B-17 Bond Obligations Highlighted.

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....Remission or abatement of duty - Damage of warehoused goods - appellants should have insured the goods to the extent of duty deferred in respect of the imported goods destroyed in fire. In terms of B-17 bonds executed by the Appellants, they have bond themselves in respect of the imported/ warehoused goods.....