TMI Blog2015 (7) TMI 61X X X X Extracts X X X X X X X X Extracts X X X X ..... ch goods are permitted under Section 61 to remain in the warehouse. The proper officer may demand duty and the owner of such goods shall forthwith pay, the full amount of duty chargeable on account of such goods together with all penalties, rent, interest and other charges payable in respect of such goods. In view of the specific provisions in the Section 72, once extension of time sought for stor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ue of a notice dt. 16/02/2001 issue to the appellant. In Annexure 1 to the show-cause notice, the stock position of the raw material was indicated and the stock in respect of bond No.3/99 was shown and duty involved was indicated. The show-cause notice was issued on the ground that the goods had not been cleared within the time provided for storage in the warehouse as per the provisions of Customs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stoms Act, 1962. According to Section 72 of Customs Act, 1962, if any warehoused goods are not removed from a warehouse on the expiration of period during which such goods are permitted under Section 61 to remain in the warehouse. The proper officer may demand duty and the owner of such goods shall forthwith pay, the full amount of duty chargeable on account of such goods together with all penalti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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