Warehousing - Waiver of interest in the customs duty under Section 61(2) of the Customs Act, 1962

Warehousing - Waiver of interest in the customs duty under Section 61(2) of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=6061 Waiver of interest under Section 61(2) applies to customs duty on warehoused imports; capital goods imported by Export Oriented Units must be kept in bonded warehouse for the entire export obligation period, and extensions beyond the initial one year warehousing term for such goods should be treated as automatic. Officers are directed to advise Export Oriented Units to apply for longer warehousing extensions and for waiver of interest, following the Board's instructions. en-us Mon, 07 Apr 1986 00:00:00 +0530 Mon, 29 Jun 2009 17:42:00 +0530 TaxTMI RSS Generator Warehousing - Waiver of interest in the customs duty under Section 61(2) of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=6061 Waiver of interest under Section 61(2) applies to customs duty on warehoused imports; capital goods imported by Export Oriented Units must be kept in bonded warehouse for the entire export obligation period, and extensions beyond the initial one year warehousing term for such goods should be treated as automatic. Officers are directed to advise Export Oriented Units to apply for longer warehousing extensions and for waiver of interest, following the Board's instructions. Circulars Customs Mon, 07 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6061