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2009 (10) TMI 892 - SCH - CustomsDelay in clearance from warehouse - Whether as per Circular No.26/07, interest is chargeable on duty paid by way of debit in DEPB on goods cleared from the warehouse after 90 days - the decision in the case of M/s. Tanfac Industries Ltd. Versus The Assistant Commissioner of Customs [2009 (4) TMI 92 - MADRAS HIGH COURT] contested, where it was held that the goods cleared under DEPB Scheme cannot be treated an exempted goods, but they can only be treated to be duty-paid goods and therefore, the interest is payable as per Section 61(2) - Held that: - the decision in the above case upheld - appeal dismissed - decided against appellant.
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