Extension of Warehousing period of bonded goods

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....d's instructions contained in F. No. 473/232/88-Cus. VII, dated 29-11-1988 on the above mentioned subject and to say that these guidelines do not appear strictly being followed in the grant of extensions of warehousing period. In many cases it has been observed that extensions are granted in a routine way. The Board is really concerned about the large inventory of warehoused goods by the importers....

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.... hence they should plan for payment of the dues well in time. Liberal extensions of time would upset the Governments 'Budget' and create financial constraints for it. Extensions should also be granted for the minimum period possible. 3. It has been decided that normally requests for extending the warehousing period a second time will not be entertained. However, if the importers for unavoidable ....