TaxTMI 
TaxTMI 
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.
100% EOU - Capital Goods warehousing period
29 May 2014 
1 Reply 
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Capital goods warehousing period: timely extension application to the commissioner before expiry; no separate licence application needed.
Capital goods deposited in a customs warehouse may be retained until the expiry of five years from deposition; continuation beyond that period requires filing an extension application with the customs commissioner before the retention period expires. No separate application for the warehousing licence period is necessary when seeking an extension; a single timely application suffices. (AI Summary)
Capital goods deposited in a customs warehouse may be retained until the expiry of five years from deposition; continuation beyond that period requires filing an extension application with the customs commissioner before the retention period expires. No separate application for the warehousing licence period is necessary when seeking an extension; a single timely application suffices. (AI Summary)