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Issues involved: Interpretation of provisions of Customs Act, 1962 regarding warehousing of imported goods, specifically regarding re-export of goods after the expiry of the prescribed period.
Summary: 1. The petitioners sought permission to re-export imported goods after the expiry of the warehousing period as per Section 61 of the Customs Act, 1962. 2. The petitioners argued that the goods should still be considered as 'warehoused goods' under Section 69 of the Act, allowing for re-export. 3. However, the court held that Section 72(b) of the Act addresses situations where goods have not been removed from the warehouse after the prescribed period, requiring payment of duties and penalties. 4. The court clarified that Section 69 operates only during the validity period of warehousing under Section 61, and after expiry, Section 72, particularly Section 72(b), comes into effect. 5. Consequently, the petition was dismissed as lacking merit, with no costs imposed.
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