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<h1>New Guidelines for Storing Non-Duty Paid Excisable Goods Outside Factory u/r 47: FIFO and Security Measures.</h1> The circular issued by the Central Board of Excise and Customs outlines additional guidelines for storing non-duty paid excisable goods outside factory premises under Rule 47. It mandates that clearances follow a first in, first out basis, and the external storage facility must be under the physical control of Central Excise authorities, with costs recovered from the business. Furthermore, the duty for goods stored externally must be secured, and any pilferage, damage, or loss will result in the assessee unconditionally paying the duty involved. These instructions are to be communicated to relevant field formations.