Duty on goods after expiry of Wareholusing period

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..... s duty in cases where warehoused goods are cleared after the expiry of warehousing period. I am directed to refer to Board's instructions as contained in F.No. 473/ 206/ 87 - Cus-VII dated 12.7.98 on the above mentioned subject wherein it was clarified that on expiry of the permissible or extended warehousing period the goods kept in a warehouse cease to be warehoused goods and, ther .....

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..... nt the Hon'ble Apex Court has held that goods which are not removed from a warehouse within the permissible or extended period are to be treated as goods improperly removed from the warehouse. In such a case the importer is required to pay the full amount of duty chargeable on the goods together with interest, penalties, rent and other charges. It was further held that the duty would be chargeable .....

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..... Sd /- (K. Chopra) Under Secretary to the Govt. of India - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - .....

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