TMI BlogDisposal of time expired bonded goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... e for timely disposal of time-expired bonded warehoused goods, the following procedure is prescribed and the same shall be followed. 1. The Import Bond section of this Custom House shall maintain an updated list of warehouses appointed u/s 57 of CA 62 and licensed u/s 58. 2. The Importers may be allowed to store their imported goods /transferred goods after execution of double duty bond and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly statement received for each warehouse and present it before Superintendent i/c of the bond for issuance of a formal notice, in proforma prescribed in the bond manual, one month before the expiry of warehousing period, asking the importer to clear the goods on payment of duty leviable thereon before the expiry of warehousing period or instruct the importer to apply for extension of the bonding p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act, as prescribed in the Bond Manual shall be issued by the Assistant / Deputy Commissioner of Customs (Import Bond) to the importer, provided the goods have not been cleared after issuance of notice under section 72(1). 9. If the importer still fails to pay the duty and other dues on such bonded goods, the Superintendent I/C shall forward his report along with reply of the importer. if any, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... instruct the DOS/AO of the Import Bond section to make a entry in the Bond register. 12. In case Disposal Order is issued to auction the goods and any application for extension of warehousing period of the bond or any request from the bonder to allow him to pay the dues demanded and clear the goods is received and is to be considered, the Import Bond Section shall verify in writing from Disposa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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