Extension of Warehousing period under Section 61 of Customs Act, 1962-Instructions-Reg. - Customs - 12/2010

OFFICE OF THE COMMISSIONER OF CUSTOMS CUSTOM HOUSE :: PORT AREA : VISAKHAPATNAM 530035 F. No. S4/825/09-Bonds Date : 24/05/2010 PUBLIC NOTICE No. 12/2010 Subject: Extension of Warehousing period under Section 61 of Customs Act, 1962-Instructions-Reg. Attention of the trading public is drawn to the instructions contained in Public Notice No. 68/97 dated 11.07.1997 regarding the procedure to be followed while applying for extension of warehousing period under Section 61 of Customs Act 1962, reproduced below:- 1. All applications should be complete in all respects with all required details furnished and indicating specifically the reasons warranting the extension; 2. All the applications for first extension of validity should be filed at least one month in advance; 3. In case of 2nd extension and beyond, the applications should be filed in the Custom House at least two months in advance addressed to. the Chief Commissioner who is the competent authority; 4. Examination of the goods should be arranged as and when the Appraiser and Examiner require in order to verify the condition of the goods and for furnishing a report on the same. Inspite of the instructions, the time frame prescribed therein is not being adhered to by the trading public. It is once again reiterated that for the first extension of validity the application should be filed at least one month in advance and in the case of second and further extensions the application should be. filed in the Customs House at least two months in advance addressed to the Chief Commissioner. In the event of non-compliance, the applications for grant of extension of the bonding period will not be considered and action to debond the goods on payment of duty and interest will be initiated. (P.V.R. REDDY) COMMISSIONER OF CUSTOMS