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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Customs orders tighter bonded warehouse controls under Section 72(1)(b): declare shelf life, limit storage, file extensions early</h1> Importers, customs brokers and warehouse licensees are directed to improve monitoring of goods in bonded warehouses: shelf life must be declared at initial warehousing or bond-to-bond transfer; warehousing periods must be shorter than product shelf life when under one year; extension requests must be filed before expiry; buyers in bond-to-bond transfers during extended periods must furnish bonds with bank guarantees; ex-bond BEs must be paid or cancelled; supporting documents for bond closure must be submitted or fresh bonds will be barred without senior approval. Noncompliance may trigger action under Section 72(1)(b) of the Customs Act. These measures take effect immediately.
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