Dear all,
What is the maximum time of duty paid goods removal? in other words if we make an invoice on 01st Aug 14. than what is the maximum time limit to remove the duty paid goods from premises.
in other words time of removal can be more than 24 hrs ?
please reply.
New Rules for Duty-Paid Goods Removal: No Set Time Limit, Typically 2-3 Hours Post-Invoice A query was raised regarding the maximum time allowed for the removal of duty-paid goods after invoicing. Responses indicated that while older rules required removal within 24 hours, current regulations lack specific provisions. Typically, goods should be removed within 2-3 hours of the invoice time, considering Central Excise and VAT/CST perspectives. Extensions may be granted due to adverse circumstances like transport issues or strikes, with necessary notifications to relevant departments. If delays occur, the invoice should be adjusted or canceled, especially to avoid complications during inspections or if the delivery is local. (AI Summary)