https://www.taxtmi.com/circulars?id=52582 Warehousing is allowed initially up to six months, extendable by the Assistant/Deputy Commissioner in six month increments, with a maximum tenure of three years; goods remaining beyond allowed warehousing are deemed cleared for home consumption and attract duty and interest at the prescribed rate. Status Holder manufacturer exporters with a clean track record may submit a Letter of Undertaking instead of a Bank Guarantee for an initial warehousing period up to six months, extendable once, but further extensions require furnishing the bond security previously prescribed. en-us Thu, 12 Dec 2013 00:00:00 +0530 Fri, 13 Dec 2013 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52582 Warehousing is allowed initially up to six months, extendable by the Assistant/Deputy Commissioner in six month increments, with a maximum tenure of three years; goods remaining beyond allowed warehousing are deemed cleared for home consumption and attract duty and interest at the prescribed rate. Status Holder manufacturer exporters with a clean track record may submit a Letter of Undertaking instead of a Bank Guarantee for an initial warehousing period up to six months, extendable once, but further extensions require furnishing the bond security previously prescribed. Circulars Central Excise Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52582