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of <h1>Customs Act Update: Align Warehousing Period Extensions with License Renewals for STP/EOU/EHTP Units, Up to 5 Years.</h1> The circular addresses the process for extending the re-warehousing period of bonded capital goods for STP/EOU/EHTP units under the Customs Act, 1962. It highlights the issue of non-synchronous renewal of Private Bonded Warehouse Licenses and warehousing periods, causing inconvenience to trade. To resolve this, the Board allows simultaneous extension of warehousing periods with license renewals, ensuring that extensions align with license renewals, with a maximum extension period of five years. The Board reiterates strict adherence to these instructions to prevent inconvenience to the trade, particularly EOU/STP/EHTP units.
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