2001 (8) TMI 123 - HC - Customs

Summary

The High Court at Calcutta set aside a judgment regarding liability to pay interest on warehoused goods under the Customs Act. Recent Supreme Court decisions clarified that importers are not liable to pay interest on such goods. The judgment of the trial court was overturned, and the appellants were found not liable to pay any interest. The appeal was allowed with no order as to costs. Additional directions were given regarding deposit and release of goods by Customs Authorities.