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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Customs Act Section 58: Warehousing Period Extensions Allowed Before and After Expiry in Exceptional Cases</h1> Under the Customs Act, 1962, the warehousing period for imported goods can be extended up to six months by the Commissioner of Customs and further by the Chief Commissioner. Although the Act does not specify whether extensions can be granted after the warehousing period expires, it is advised that extension applications be submitted before expiry. However, in exceptional cases, the Chief Commissioner may grant extensions post-expiry after considering factors such as exceptional circumstances, commodity nature, duty rates, potential revenue loss, and licensing issues. This approach aims to standardize the practice while safeguarding government revenue interests.
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