Extension of warehousing period for bonded capital goods aligned with renewal of private bonded warehouse licences to avoid duplicate renewals. At the time of renewal of the private bonded warehousing licence, the warehousing period of all capital goods installed or put into use shall be extended simultaneously so that further extension for any item falls due only on the next licence renewal; the extension term for each capital good must be adjusted accordingly and no single extension granted at renewal shall exceed the maximum permissible period.
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Provisions expressly mentioned in the judgment/order text.
Extension of warehousing period for bonded capital goods aligned with renewal of private bonded warehouse licences to avoid duplicate renewals.
At the time of renewal of the private bonded warehousing licence, the warehousing period of all capital goods installed or put into use shall be extended simultaneously so that further extension for any item falls due only on the next licence renewal; the extension term for each capital good must be adjusted accordingly and no single extension granted at renewal shall exceed the maximum permissible period.
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