Discontinuation of removal of petroleum products from one warehouse to another-reg

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....petroleum products from one warehouse to another-reg At present, oil companies who import petroleum and petroleum products deposit the same in the warehouse (bonded tanks) at shore or refinery and thereafter they pay duty. Sometimes they transfer the warehoused goods from one warehouse to another without payment of duty under Section 67 of the Customs Act, 1962 with the permission of proper offi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t places in the hinterland other than the ports are de-bonded from the customs warehouses and duty realized immediately. 4. It may, however, be noted that nothing in the above instructions would apply to goods which are exempted from payment of customs duty in terms of customs notifications or to goods imported by EOUs, STPs, EHTPs and SEZs. 5. The Chief Commissioners and Commissioners of Cust....