Waiver of physical warehousing allowed in defined constructive warehousing situations with supervisory approval enabling immediate import clearance. Assistant Collectors of Customs may grant waivers of the requirement for physical warehousing at the port, with Collector approval where necessary, but only in specified constructive warehousing cases: merchanting trade and imports treated as stores with no duty collection; and, under the alternate constructive warehousing provision, urgent equipment and raw materials for export units outside the port city, manufacture-in-bond companies, bulky/heavy/dangerous/delicate items needing special handling, and goods of reputed companies requiring immediate clearance.
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Provisions expressly mentioned in the judgment/order text.
Waiver of physical warehousing allowed in defined constructive warehousing situations with supervisory approval enabling immediate import clearance.
Assistant Collectors of Customs may grant waivers of the requirement for physical warehousing at the port, with Collector approval where necessary, but only in specified constructive warehousing cases: merchanting trade and imports treated as stores with no duty collection; and, under the alternate constructive warehousing provision, urgent equipment and raw materials for export units outside the port city, manufacture-in-bond companies, bulky/heavy/dangerous/delicate items needing special handling, and goods of reputed companies requiring immediate clearance.
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