W.E.F. 1st June, 2001 interest on warehoused goods will be charged if the same remain in warehouse beyond a period of 30 days.

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CUSTOMS NOTIFICATION No.23/2001(N.T.) Dated 22^nd May, 2001
W.E.F. 1^st June, 2001 interest on warehoused goods will be charged if the same remain in warehouse beyond a period of 30 days.

In exercise of the powers conferred by section 106 of the Finance Act, 2001 (14 of 2001), the Central Government hereby
appoints the 1^st day of June 2001, for the purpose of that section.

Sd/-

(Prashant Kumar Sinha)

Under Secretary to the Government of India

Note: Section 106 of the Finance Act 2001 seeks to amend sub-section (2) clause (ii) of Section 61 of the Customs Act 1962. The effect of the amendment is that w.e.f. 1^st June, 2001 interest on warehoused goods will be charged if the same remain in warehouse beyond a period of 30 days.