Storage time limit for imported goods narrowed; Commissioner empowered to grant limited successive extensions to ensure accountability. Amendment prescribes a maximum initial storage period for goods in warehouse custody (public and, per commentary, private warehouses) to ensure accountability and timely assessment, and inserts a proviso empowering the Commissioner of Customs to grant successive extensions, each not exceeding the same maximum period at a time.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Storage time limit for imported goods narrowed; Commissioner empowered to grant limited successive extensions to ensure accountability.
Amendment prescribes a maximum initial storage period for goods in warehouse custody (public and, per commentary, private warehouses) to ensure accountability and timely assessment, and inserts a proviso empowering the Commissioner of Customs to grant successive extensions, each not exceeding the same maximum period at a time.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.