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OFFICE
OF THE COMMISSIONER OF CUSTOMS, |
PUBLIC
NOTICE NO: 142 / 2001
Attention is invited to this Custom House
P.No.108/2001 dt. 07.06.2001 wherein the amendment of Section 61(2) of the Customs Act
by Finance
Act, 2001 has
been brought to the notice of the Trading Public and CHA. The effect of the amendment is that
interest is chargeable
on warehoused
goods, if they remain in the warehouse beyond 30 days. The Ministry has issued Notifn.No.23/01 fixing
01.06.2001 as
effective date for applying the interest free period of
30 days. Hitherto, this Custom House
has been allowing
clearance of
bonded goods,
which were warehoused prior to 01.06.2001, after observing interest free period of
six
months. However,
the Board has
since clarified that the interest free period of 30 days effective from 01.06.2001
is applicable even in respect of goods warehoused prior to that date and accordingly
warehoused
goods which have remained in the warehouse beyond 30 days would be liable to
interest from 01.06.2001 onwards.
Therefore, interest will be
charged from 01.06.2001 on bonded goods which were warehoused prior to
01.06.2001 and which remained in the warehouse for more than 30 days.
The P.N.No.108/2001 dt. 07.06.2001 issued by this Custom House may be
treated as modified to the above extent.
F.No.S4/684/2001 Bonds
Sd/-
Custom
House,
(JOSEPH DOMINIC)
Dated:
13.07.2001.
COMMISSIONER OF CUSTOMS
///ATTESTED///
(V.V. HARIHARAN)
(ADDITIONAL COMMISSIONER OF CUSTOMS)
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