Export Warehousing

[Pandiyan Perumal]

Dear Experts,

We are the OEM capital goods manufacturer. Our material is ready to shipment, but due to the Corona Virus issue the receiving customer not approved for shipment. Hence please suggest to us, is there any customs provision to keep these materials at the customs warehouse under bond and then send the same in next month. Please explain to us the proper sections to start the process with knowledge.

AI Summary

Customs Bonded Warehouse option allows temporary storage of export goods when shipment is delayed under the GST regime.
An OEM seeking to delay export shipment may no longer use the former Central Excise export warehousing procedure under GST; instead the goods can be stored in a Customs Bonded Warehouse or Private Bonded Warehouse under the Customs Act's warehousing provisions (Chapter IX and the provisions cited), and parties may request CBIC to prescribe an export warehousing procedure under GST.