https://www.taxtmi.com/article/detailed?id=14274 The warehousing period permits imported goods to be stored in customs-approved warehouses for an initial one-year term from importation, with a discretionary extension of up to one additional year by the Commissioner of Customs; this applies to public, private and bonded warehouses. Bonded storage defers duty where goods await re-export or processing, but on expiry of the warehousing period (including extensions) duties and taxes become payable and customs may seize or confiscate goods if not cleared. Extensions and procedural conditions are governed by applicable customs regulations. en-us Thu, 01 May 2025 08:49:23 +0530 Thu, 01 May 2025 08:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14274 The warehousing period permits imported goods to be stored in customs-approved warehouses for an initial one-year term from importation, with a discretionary extension of up to one additional year by the Commissioner of Customs; this applies to public, private and bonded warehouses. Bonded storage defers duty where goods await re-export or processing, but on expiry of the warehousing period (including extensions) duties and taxes become payable and customs may seize or confiscate goods if not cleared. Extensions and procedural conditions are governed by applicable customs regulations. Articles Customs - Import - Export - SEZ Thu, 01 May 2025 08:49:23 +0530 https://www.taxtmi.com/article/detailed?id=14274