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of <h1>New 2016 Regulations for Transferring Warehoused Goods: Forms, One-Time Locks, and Penalties Explained.</h1> The Warehoused Goods (Removal) Regulations, 2016, issued by the Central Board of Excise and Customs, replace the 1963 regulations. These regulations detail the procedures for transferring warehoused goods between warehouses or to customs stations for export. The owner must file a specific form for such transfers. Goods must be transported under a one-time-lock unless exempted by customs authorities. The owner must provide proof of goods' arrival at the destination within a month, or face penalties, including full duty payment. The regulations include a detailed form for tracking goods' transfer and receipt.
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