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of <h1>Customs Act Section 61: Extension of Warehousing Periods Only for Exceptional Cases, Not Financial Issues.</h1> The circular addresses the extension of warehousing periods under Section 61 of the Customs Act, 1962. It clarifies that Chief Commissioners can grant extensions beyond six months only in exceptional circumstances, such as natural calamities or strikes, but not for financial constraints. The circular emphasizes the importance of assessing the condition of goods and ensuring interest payments before granting extensions. A liberal approach is suggested for specific cases like goods for diplomats or duty-free shops. Applications for extensions should be filed 15 days prior to the expiry of the warehousing period, and decisions should consider potential revenue loss and licensing issues.
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