Custom Duty- Appeal over violation of rules on storing imported good

Section 15(1) (b) would be applicable only when the goods cleared from warehouse u/s. 68 of the Act Brief: – The SC dismissed the appeal of Assessee against the Bombay HC order allowing the customs authorities to charge dues for keeping imported goods in the warehouse beyond the permitted time. The firm had imported capital goods for its unit. The goods were kept in the warehouse under bond. After the expiry of the period, the firm applied for extension of the facility. Meanwhile, the government enlarged the Export Promotion Capital Goods Scheme to cover agro-based industries. The sugar ...