AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Extension of warehousing and acceptance of LUT in place of Bank Guarantee for export warehousing for Status Holder Manufacturer Exporters – reg.
X X X X Extracts X X X X
X X X X Extracts X X X X
....103 To All Chief Commissioners of Central Excise & Customs, All Chief Commissioners of Central Excise, All Directors General, Sir / Madam, Sub :- Extension of warehousing and acceptance of LUT in place of Bank Guarantee for export warehousing for Status Holder Manufacturer Exporters - reg. I am directed to invite your attention to Circular No. 579/16/2001-CX dated 26.06.2001 and Circular N....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... clause (b), to read as follows :- (a) Warehousing of goods shall initially be allowed for a period upto six months, which may be further extended by the Assistant /Deputy Commissioner, each extension being for a period not exceeding six months, subject to the verification that the goods have not deteriorated in quality. The maximum period, for which goods may be left in the warehouse in which th....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Bond amount for availing the facility of export warehousing. 4. Reference has been received in the Board that submission of BG (Bank Guarantee) leads to increase in transaction cost and, therefore, manufacturer exporters who are also status holders may be allowed to submit Letter of Undertaking (LUT) in place of BG. On examination the problem has been found to be legitimate and, therefore, i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....g period in terms of paragraph 6(a) of the Circular No. 579/16/2001-CX dated 26.06.2001 shall be allowed to such exporter only on furnishing security of 25% of the bond amount. 5. There is also a need to amend the terms "Super Star Trading House" or "Star Trading House" used at paragraph 2(1) in the Circular No. 581/18/2001-CX dated 29.06.2001 and to replace it with the current nomenclature. Acco....