Clarification on the commencement of the interest free period of 90 days under Section 61 of the Customs Act, 1962

Where any warehoused goods remain in a warehouse beyond a period of ninety days, interest shall be payable at such rate, as may be fixed by the Board, on the amount of duty payable at the time of clearance of the goods , for the period from the expiry of the said ninety days till the date of payment of duty on the warehoused goods.

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