Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Delegation of Board's powers to Principal Collectors

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Regarding. I am directed to refer to Notification No. 49 (NT)-Customs, dated 1-7-1988 delegating powers of Central Board of Excise and Customs to the Principal Collectors for declaring places to be warehousing stations under Section 9 of the Customs Act and for extending the period for which the goods may remain warehoused under Section 61 of the Customs Act. The following guidelines are prescr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he station which is being declared as warehousing station to provide necessary supervision and service under customs law and as required departmental instructions. Necessary arrangements for training in Customs and allied matters should also be made by deputing the officer to the Directorate of Training or by attachments with the nearest major Custom House. (iv) Cases which cannot be agreed to o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng on the circumstances of the case and in any case extension should not be granted for more than six months at a time. Extension shall not ordinarily be granted for a total period of more than one year. (iv) In respect of the following cases a liberal approach could be adopted in granting extension of warehousing period after ensuring that goods are in good condition and not likely to deteriora .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to curbing the tendency on the part of the trade to import and build up large inventories, the consequence of which was that considerable revenue was blocked up. Public Accounts Committee in its 124th report has adversely commented on the manner in which the extensions of warehousing period were granted in the past. Requests for extension may, therefore, be considered with case and circumspection .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates