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Process of extension of re-warehousing period of Bonded capital goods

Customs - DGEP/FTP/07/2015 - Dated:- 15-2-2016 - DGEP/FTP/07/2015 Govt. of India Ministry of Finance Department of Revenue Central Board of Excise & Customs 15th February, 2016 To All Principal Chief Commissioners/ Chief Commissioners of Central .....

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ection 65 of the Customs Act, 1962. Capital Goods imported by these units are bonded for the periods provided under Section 61. The License of the Private Bonded Warehouse is granted by the jurisdictional Assistant Commissioner or Deputy Commissioner .....

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. Trade has represented that the renewal of the Private Bonded Warehouse License and the extension of warehousing period for the bonded capital goods are not coterminous. This creates difficulties for them, as they have to approach authorities at the .....

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said circular is reproduced below: 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 ev .....

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spective 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 ex .....

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