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Remission of duty on warehoused goods - damage due to ...


Remission of Duty on Warehoused Goods: Natural Loss Permitted u/s 68, Not Allowed if Offence Committed.

February 18, 2016

Case Laws     Customs     AT

Remission of duty on warehoused goods - damage due to unprecedented floods - In the normal course, remission of duty under Section 68 of the Customs Act is granted if there is loss on account of natural causes. However relinquishment of title and consequent remission of duty is not permissible where an offence has been committed - AT

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