Measures for promoting cost efficiency of imports by Indian Trade and Industry

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Full Text of the Document

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....l stake holders is invited to Section 49 of Customs Act, 1962 provides facility of storing goods in warehouses pending clearance in case where goods cannot be cleared within a reasonable time. Moreover, even presently an importer may de-stuff and release a foreign container immediately on arrival in the CFS / ICD. Generally this option is not utilized by importers who have preferences to clear goo....