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time limit for keeping raw material in bonded ware house

Central Excise - Started By: - saravanan rengachary - Dated:- 6-5-2016 Last Replied Date:- 10-5-2016 - Sir,please let us know what is the time limit for keeping the Raw materials in bonded warehouse (EOU).I understand it was 3 years from the date of bonding. Recently it is amended without any time limit.please clarify.thanks.Saravanan. - Reply By surya narayana - The Reply = Dear Mr. Saravanan,As per the present provisions, the Time limit is 5 years which is valid based on the LOP.Best RegardsSu .....

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