Clearance of warehoused goods: export allowed on prescribed shipping bill, duty compliance, and officer clearance via risk based electronic order. Clearance of warehoused goods for export is allowed without payment of import duty if a prescribed shipping bill or form is presented, export duty/fines/penalties are paid, and the proper officer issues a clearance order (which may be electronic via risk evaluation). The licensee must load goods in the bond officer's presence and affix a one time lock. Re export eligibility requires authorized original import, currency and realization conditions under foreign exchange regulations. Statutory notifications impose territorial, vessel, and commodity restrictions. An ex bond Shipping Bill in ICES permits export from abandoned warehouses but disallows export incentives.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clearance of warehoused goods: export allowed on prescribed shipping bill, duty compliance, and officer clearance via risk based electronic order.
Clearance of warehoused goods for export is allowed without payment of import duty if a prescribed shipping bill or form is presented, export duty/fines/penalties are paid, and the proper officer issues a clearance order (which may be electronic via risk evaluation). The licensee must load goods in the bond officer's presence and affix a one time lock. Re export eligibility requires authorized original import, currency and realization conditions under foreign exchange regulations. Statutory notifications impose territorial, vessel, and commodity restrictions. An ex bond Shipping Bill in ICES permits export from abandoned warehouses but disallows export incentives.
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