Process of extension of re-warehousing period of Bonded capital goods

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....hief Commissioners of Central Excise, Customs & Service Tax, All Principal Chief Commissioners/Chief Commissioners of Customs, All Principal Chief Commissioners/Chief Commissioners of LTU.    Sir,   Sub: Process of extension of re-warehousing period of Bonded capital  goods -reg.    The STP/EOU/EHTP Units are premises bonded u....

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....rities at the different times for extension of period.  2. To obviate the difficulty faced by trade, Board has already addressed this issue vide circular No. 7/2005-Cus dated 14.02.2005. For ease of understanding by the field formations, the operative part of the said circular is reproduced below:  "The EOU/ EHTP/STP units are required to obtain private bonded warehousing lic....

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....ould not be allowed for a period for more than five years. [Illustration: In case of an EOU/EHTP/STP unit having obtained a warehousing license on 1.1.99 would fall due for renewal after initial 5 years period on 1.1.2004. In this case, (i)  Assume capital goods have been warehoused on 1-1-2002. Hence, its extension of warehousing falls due on 1-1-2007 (ii) The ware....