Manner of payment of interest on warehoused goods

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..... issioners of Customs Central Excise, All Chief Commissioners of Customs, All Chief Commissioners of Customs Central Excise, All Directors General, Chief Departmental Representative, All Principal Commissioners of Customs, All Principal Commissioners of Customs Central Excise, All Commissioners of Customs, All Commissioners of Customs Central Excise. Sub: Manner of .....

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..... f interest not being payable, for example in cases where goods were finally exported. In certain industries, the Board had relaxed the above condition for extending the warehousing period but prescribed that a demand notice should be served upon the importer and the same decided upon clearance of the goods, i.e. when the liability became determinable ( Para 7 of Circular 10/2006-Customs dated 14th .....

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..... has been decided by the Board that henceforth there would be no requirement of payment of interest prior to allowing extensions of warehousing period nor would there be any need to issue a demand for payment of interest. Interest, if any, shall be paid at the time of ex-bonding of the goods from the warehouse. 5. Difficulties, if any, should be brought to the notice of the Board. 6. Hindi v .....

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