time limit for keeping raw material in bonded ware house

[SARAVANAN RENGACHARY]

Sir,

please let us know what is the time limit for keeping the Raw materials in bonded warehouse (EOU).

I understand it was 3 years from the date of bonding. Recently it is amended without any time limit.

please clarify.

thanks.

Saravanan.

AI Summary

Storage period in bonded warehouses now runs co terminus with the LOP, simplifying extension requirements for EOUs.
Storage of raw materials in a bonded warehouse under the EOU scheme is now co terminus with the validity of the Letter of Permission (LOP), replacing earlier fixed multi year limits and reducing the need for repeated extension permissions.