TMI BlogTime limit for warehousingX X X X Extracts X X X X X X X X Extracts X X X X ..... What is the period for warehousing under Section 61 of the Customs Act in respect of rewarehoused goods i.e. goods legally transferred from one warehouse to another warehouse.Can they be warehoused for another one year from the date of receipt in the second warehouse? If not, what are the instructions on the issue? - Reply By Dinesh Gupta - The Reply = The extension of warehousing period beyond o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne year upto further 6 months is within the power of commissioner and more than 6 months within the power of chief commissioner. Section 61 itself is self explanatory. - Reply By Haridas Nair - The Reply = Thanks Guptaji for the answer. Let me elaborate. Section 61 : Any warehoused goods may be left in the warehouse in which they are deposited or in any warehouse to which they may be removed in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the case of any other goods, till the expiry of one year. I deposit some goods in a warehouse, say in Jan. 00 for six months and then remove it to another warehouse, in June,00. Now should the limitation of one year start from June, 00 or the original date of warehousing. What is the legal backing to restrict the period of one year from Jan, 00 only. In the second warehouse also a permission is gi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ven under Section 60 . - Time limit for warehousing - Query Started By: - Haridas Nair Dated:- 22-7-2009 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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