Warehoused goods period and interest rules govern how long imports may stay in customs warehouses. Warehoused goods may remain in warehouse according to their category and intended use, with a one-year period applying to other goods subject to extension or reduction. Interest is payable where specified warehoused goods remain beyond the prescribed period, and the Board may waive interest, exempt classes of goods, or alter the interest commencement date in public interest.
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Provisions expressly mentioned in the judgment/order text.
Warehoused goods period and interest rules govern how long imports may stay in customs warehouses.
Warehoused goods may remain in warehouse according to their category and intended use, with a one-year period applying to other goods subject to extension or reduction. Interest is payable where specified warehoused goods remain beyond the prescribed period, and the Board may waive interest, exempt classes of goods, or alter the interest commencement date in public interest.
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