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2017 (7) TMI 5 - CESTAT BANGALOREWarehousing of goods - extension for warehousing period not sought for - contravention of provisions of Sections 61 & 72 of the Customs Act, 1962 read with provisions of N/N. 140/91-Cus dated 22.10.91, as amended - Held that: - the EOU/EHTP/STP units are required to obtain private bonded warehousing licence u/s 58 of the Customs Act. The said licence is valid for a period of 5 years and the units are required to apply for renewal after every 5 years. The Board in order to obviate the difficulties of the EOU/EHTP/STP units has decided to allow extension of warehousing of all the capital goods installed or put into use, simultaneously at the time of renewal of warehousing licences irrespective of the fact that the capital goods are due for extension or not. The period of extension would be allowed for such a period so that the capital goods need further extension only on the date of renewal of warehousing license. The period of extension, therefore may be adjusted accordingly for every piece of capital goods. However the maximum period of extension at a time would not be allowed for a period for more than five years - appeal dismissed - decided against Revenue.
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