Amendment of Section 61 of the Customs Act, 1962 regarding interest free warehousing period - Clarification thereto - reg

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..... d - Clarification thereto - reg. S ection 61 of the Customs Act, 1962 has been amended to read “ where any warehoused goods specified in sub-clause (b) of sub-section (1), remain in a warehouse beyond a period of ninety days, interest shall be payable at such rate or rates not exceeding the rate specified in section 47, as may be fixed by the Board, on the amount of duty payable at the time of .....

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