https://www.taxtmi.com/circulars?id=1616 At renewal of the private bonded warehousing licence under section 58, all capital goods installed or put into use by EOU/EHTP/STP units will be granted a warehousing extension so that further extension for each item next falls due on the licence renewal date; any single extension granted at that time shall not exceed five years. The existing rule requiring duty and interest where capital goods are not used within one year (or within an approved extended period not exceeding five years) remains, and units may be asked to justify non utilisation. en-us Mon, 14 Feb 2005 00:00:00 +0530 Sat, 28 Feb 2009 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1616 At renewal of the private bonded warehousing licence under section 58, all capital goods installed or put into use by EOU/EHTP/STP units will be granted a warehousing extension so that further extension for each item next falls due on the licence renewal date; any single extension granted at that time shall not exceed five years. The existing rule requiring duty and interest where capital goods are not used within one year (or within an approved extended period not exceeding five years) remains, and units may be asked to justify non utilisation. Circulars Customs Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1616