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2016 (8) TMI 181 - AT - CustomsDemand of interest - extension of warehousing period after the expiry - Held that:- The present case of the appellant is that when the goods entered the warehouse, there was no EPCG license with the appellant. But during storage of the goods in warehouse, appellant got EPCG license. Based on such license clearance was allowed. The adjudicating authority has recorded that the period of storage having been expired under section 61(1) of the Customs Act 1962, extension was granted to it under the proviso thereunder. Once such an extension is granted and the EPCG license was with the appellant at the time of clearance, the case clearly falls within the purview of section 68 of the Customs Act, 1962. This distinguishes the case from the purview of section 72 where none of the circumstance of section 72(1) was present. - Interest is not payable - Decided in favor of assessee.
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