Duty liability on warehoused goods under prevailing rate on the ...

Duty on Warehoused Goods Set by Rate on Bond Expiry Date, Not Considered Bonded Post January 24, 2003.

April 5, 2016

Case Laws     Customs     AT

Duty liability on warehoused goods under prevailing rate on the date - the bond executed for storage of warehoused goods in the warehouse, expired on 24-01-2003. Hence, the goods cannot be said to have been bonded or warehoused goods for which only provisions of Section 15 of the Customs Act apply - AT

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