Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Customs Circular Promotes Cost Efficiency in Imports Using Section 49 of Customs Act, 1962 for Warehouse Storage.</h1> The circular issued by the Office of the Commissioner of Customs in Mangalore highlights measures to enhance cost efficiency for Indian trade and industry regarding imports. It emphasizes the use of Section 49 of the Customs Act, 1962, which allows importers to store goods in warehouses pending clearance. Importers are reminded of the option to de-stuff goods from foreign containers upon arrival at Container Freight Stations (CFS) or Inland Container Depots (ICD) and store them under customs supervision, potentially reducing handling charges. The notice aims to raise awareness and encourage utilization of these provisions for cost-effective import processes.