100% EOU - Capital Goods warehousing period

[SARAVANAN RENGACHARY]

What is the present practice for Capital Goods warehousing period extension?.

should a separate application be filed in addition to extension application for warehousing license period.

please share your views.

AI Summary

Warehousing Period Extension for Capital Goods under EOU Scheme: No Separate Application Needed, Just an Extension Request to Customs. A discussion on the extension of the warehousing period for capital goods under the 100% Export Oriented Unit (EOU) scheme is presented. A participant inquires whether a separate application is necessary for extending the warehousing license period. The response clarifies that, according to customs regulations, capital goods can remain in the warehouse for up to five years. An extension request must be submitted to the commissioner of customs 15 days before the expiration date, and no separate application is required beyond this extension request.