Facility Notice on Extension of Time for Re-export of Bonded Imported Containers and Compliance Requirements

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....Y NOTICE NO. 102/2016 In terms of Notification No. 104/94-Cus dated 16.03.1994 and Board's Circular No.83/98-Customs dated 05.11.1998 containers of durable nature are exempt from payment of whole of the duty of customs and the whole of additional duty payable provided the containers are re-exported within six months, subject to the condition that a Bond is executed by the Importer or the Shippi....

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....o seek extension by giving valid reasons, the imported containers shall be subject to payment of applicable duty, interest & penalty. 3. Off-hiring shall not be considered as a valid reason for granting extension of time for re-export of the containers. 4. For laden containers lying beyond 6 months from importation awaiting Customs clearance / auction of cargo, extensions may be considered a....

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....of the container (ii) Import vessel (iii) Voy No. (iv) IGM No. & date (v) Continuity Bond No. (vi) Actual Location with full address of each bonded container. 7. All concerned are hereby directed to strictly comply with the above instructions failing which, bond will be enforced to recover the Customs Duty along with applicable interest under Section....