Apni Law Staff asked 2 years ago
Our Tuticorin warehouse is leased to a cargo handling agent. A shipment was stored there, but the importer never came to collect it. The agent paid rent for a year but hasn’t paid anything since. Six years have passed, and we filed a lawsuit in Madurai to have the goods auctioned or abandoned. They’re about to be auctioned. Will import duty be calculated on the original declared value or the auction price? Who is responsible for the rent – Customs, the buyer, or the cargo handling agent? We had a two-year delay in the auction process. Can we claim rent from Customs for this period?
Best Answer
Apni Law Staff answered 2 years ago
Import duty will be calculated on the original declared value, not the auction price. The buyer is responsible for the rent, but since they haven’t paid, the cargo handling agent is liable. You cannot claim rent from Customs for the delay in the auction process.
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