No Interest of Customs Duty payable on Warehoused Goods for Period it Remain in Custom Bonded Warehouse u/s 15 of Customs Act: CESTAT [Read Order]

No Interest - Customs Duty payable - Warehoused Goods - Custom Bonded Warehouse - Customs Act - CESTAT - taxscan

The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that no customs duty interest was payable on the warehoused goods during the validity of the warehousing period under section 15 of the Customs Act,1962.  Top Forty Suspension (P) Ltd, the appellant assessee is a 100% Export Oriented Unit (EOU) and…

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