Extension of Warehousing period of bonded goods

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..... g. I am directed to refer to Board's instructions contained in F. No. 473/232/88-Cus. VII, dated 29-11-1988 on the above mentioned subject and to say that these guidelines do not appear strictly being followed in the grant of extensions of warehousing period. In many cases it has been observed that extensions are granted in a routine way. The Board is really concerned about the large inventory .....

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..... he expiry of the statutory period and hence they should plan for payment of the dues well in time. Liberal extensions of time would upset the Governments 'Budget' and create financial constraints for it. Extensions should also be granted for the minimum period possible. 3. It has been decided that normally requests for extending the warehousing period a second time will not be entertained. Howe .....

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..... ctions should be issued to the concerned officers to raise the demands of customs duty with interest within a week of the expiry of the warehousing period and also to take further action u/s 142 of the Customs Act for recovery of the dues from the importers. Senior Officers like Assistant Collectors/Deputy Collectors should periodically scrutinise the warehouse records to ensure that timely action .....

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