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2016 (4) TMI 139 - AT - CustomsDuty liability on warehoused goods under prevailing rate on the date - Goods cleared from Customs bonded warehouse - Application of Section 15 of the Customs Act, 1962 - Department claimed that duty liability was worked out as applicable at the time of warehousing of the goods but appellant claiming to be charged under prevailing rate on the date - Held that:- the duty liability should be on the date of clearance of the consignment from Custom bonded warehouse. The appellant has no case, 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. - Decided against the appellant
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