Warehousing Interest - Section 27 of Customs Act Inapplicable - Customs - F. No. 475/39/90-Cus.VII

Warehousing Interest - Section 27 of Customs Act Inapplicable F. No. 475/39/90-Cus.VII Dated 8-8-1990 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs New Delhi Subject : Warehousing Interest - Section 27 of Customs Act Inapplicable It has been advised that Warehousing interest levied under Section 61(2) of the Customs Act is distinguishable from Customs duty defined under Section 2(xv) ibid. Accordingly provisions of Section 27 will not apply to refund of interest recovered under Section 61(2). However, the period under the Limitation Act maybe applicable.