TaxTMI 
TaxTMI 
Regarding request for an extended period of warehousing under Section 61 of Customs Act, 1962 - Reference from Shipyards.
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....ief Commissioners of Customs & Central Excise Subject:- Request for an Extended Period of Warehousing under Section 61 of Customs Act, 1962 - Reference from Shipyards - Reg. Madam/Sir, A request has been received from an unit engaged in the business of design and construction of various categories of vessels which are thereafter exported, for grant of a greater period of warehousing, given the ....
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....ich are not likely to deteriorate, the Chief Commissioners can grant extension of warehousing for a period they deem fit. 3. However, as per Circular No. 47/2002-Cus dated 29/07/2002 of CBEC, Commissioner of Customs can extend the period of warehousing for a period not exceeding six months, on sufficient cause being shown and further extensions as deemed fit can be granted by the Chief Commissio....
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....r. The goods imported by such units would generally be required to be warehoused for a longer period of warehousing, before they are cleared for use. In such cases, it would be burdensome for the trade, if each such extension of warehousing period is for a three month period only and they have to approach the department for extensions repeatedly. This would also place undue strain on the departmen....