Extension of Warehousing Period of Capital Goods imported by EOU/EHTP/STP-Regd

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.... of Capital Goods imported by EOU/EHTP/STP-Regd I am directed to draw your attention to sub-section 1(a) of section 61 of the Customs Act, 1962, wherein it has been provided that capital goods intended for use in the EOU can be kept in the warehouse for a period of 5 years. Extension of such warehousing period may be given by the Commissioner of Customs under proviso (i) to sub-section 1 (b) of a....

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....lways busy in preparation of obtaining timely extension of warehousing to avoid action under law for delay. 3. As you are aware that the EOU/ EHTP/STP units are required to obtain private bonded warehousing licence u/s 58 of the Customs Act. The said licence is valid for a period of 5 years and the units are required to apply for renewal after every 5 years. The Board in order to obviate the dif....

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.....2004. In this case, (i) Assume a C.G has been warehoused on 1-1-2002. Hence, its extension of warehousing falls due on 1-1-2007 (ii) The warehousing license under section 58 becomes due for renewal on 1-1-2004, and the same would be renewed for further five year period i.e upto 1-1-2009 (iii) Extension of warehousing period for C.G at (i) above .would also be given on 1-1-2004 along with ....