Closer monitoring of bonded goods and action for recovery of duties

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....rably brought down in 1985 and now normal warehousing period is one year for non-consumable stores, and only 3 months for all other goods. The period can, however, be extended in individual cases on merits by the Board (which powers have recently been delegated to the Principal Collectors). The goods are allowed for warehousing not only at the port towns but even at various inland bonded warehouses. This facility has been allowed by the Government considering the demand of the Trade and Industry from time to time. 2. As you are aware, on the goods which are lying in warehouses at any point of time, very substantial amount of import duties are locked up. In order, therefore, to ensure that these duties are realised in time it is absolutel....

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....reproduced below for your information and further necessary action :- (i) An immediate stock taking of all the warehoused goods which are lying in the jurisdiction of each Collectorate/Custom Houses be made to find out the goods where bonding period (including period of extension) has expired. Necessary action for assessment of duties on these goods (and interest wherever due), and their recovery from the concerned importers, should be immediately initiated if this has not already been done, in each case; (ii) Determined efforts should be made for recovery of duties (and interest - where due ) in all cases referred to at (i) , and if the importers fail to make payments, the goods could be detained and put to auction as provided in Sec....

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.... No. of   warehouses Public _________    Private _________   Opening Balance at the beginning of Quarter. Fresh cases where Duties become due because of expiry of warehousing period   Cases where Duties recovered during the quarter on time expired warehoused goods. No. of Bonds. Value of goods involved. Duty & interest involved. No. of Bonds. Value of goods Duty & interest involved No. of Bonds. Value of goods involved Duties & interest payable Duties and interest recovered                 By way Auction on payments by importer.             ....