2006 (6) TMI 450

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..... der per : S.L. Peeran, Member (J)]. This appeal arises from Order-in-Original No. 22/2003-Cus., dated 29-12-2003 by which demands have been confirmed by denying the benefit of Notification No. 140/91-Cus., dated 22-10-1991 in respect of imported capital goods during the period 1993-98 without payment of duty and warehoused in the bonded premises under Section 61 of the Customs Act. The appel .....

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..... .L.T. 259 wherein the matter was remanded to workout the depreciation and in terms of the Circular No. 29/03, dated 3-4-2003. Further reliance is placed on the Circular No. 29/03, dated 3-4-2003 wherein the entire procedure has been laid down with regard to the manner by which the demands have to be confirmed in respect of capital goods in bonded premises. Further, reliance is placed on Apex Court .....

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..... ion for seeking extension of the warehousing period. As they have defaulted, the Commissioner was justified in confirming the demands. 4. On a careful consideration, we notice that the appellants are still working under the bonded warehouse scheme. The warehousing license in the present case has been extended, which is not in dispute. In view of this position of the warehousing license having be .....

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