https://www.taxtmi.com/article/detailed?id=6727 Budget 2016 proposes replacing the existing section on private bonded warehouses to allow EOU/EHTP/STP goods to remain warehoused until clearance (for capital goods) or until consumption/clearance (for other goods), instead of fixed multi year limits, expressly including EHTP/STP. Units need no separate discretionary extensions from customs if LoP validity and warehousing licence are maintained; however, expiry of the LoP without extension would terminate unit status and may trigger duty and interest liability on unutilised goods. en-us Sat, 05 Mar 2016 10:34:34 +0530 Sat, 05 Mar 2016 10:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6727 Budget 2016 proposes replacing the existing section on private bonded warehouses to allow EOU/EHTP/STP goods to remain warehoused until clearance (for capital goods) or until consumption/clearance (for other goods), instead of fixed multi year limits, expressly including EHTP/STP. Units need no separate discretionary extensions from customs if LoP validity and warehousing licence are maintained; however, expiry of the LoP without extension would terminate unit status and may trigger duty and interest liability on unutilised goods. Articles Budget - Tax Proposals Sat, 05 Mar 2016 10:34:34 +0530 https://www.taxtmi.com/article/detailed?id=6727