Export of Excisable Goods - Warehousing

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....xtended the facility of warehousing to all excisable goods specified in 1st schedule of CETA. The board vide Circular No. 581/18/2001-CX in pursuance of above notification, specifies the conditions, procedures, places and class of exporters to whom export warehousing facility is applicable. Eligible Exporters 1. The exporters who are recognized as super star trading houses or star trading houses....

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....e same as normal registration. Registration certificate will be issued by the jurisdictional Superintendent of Central excise. 2. The exporter shall furnish a general Bond in Form B-3 with 25% security. 3. A 'running bond account' register shall be maintained by the exporter in the warehouse which shall be used for scrutiny and checking by auditors or office-in-charge. 4. Removal of goods from....

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.... respective CT-2 shall be indicated. Ø On receipt of goods, the provisional debit shall be converted into actual debit as per Form ARE.3 [Any nominal difference in provisional and actual duty debited shall be ignored]. ­ Officer-in-charge of warehouse will countersign the application. ­ Application will be dispatched to the Range office having jurisdiction over the factory of removal w....

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.... goods for home-consumption stored in warehouse · The goods can be diverted with prior permission of jurisdictional AC/DC of CE. · Goods can be diverted even after the clearance from the warehouse on ARE.1 [provisions of Notification No. 46/2001-CE (N.T.) shall be followed for cancellation of documents]. · Interest shall be charged @ 24% per annum on the amount of duty payable on goods diver....