|
Regarding Warehousing � Grant of Extension of Warehousing Period by
Chief Commissioners under Section 61 of the Customs Act, 1962
Customs
Circular No. 3 dated 14th January 2003
I
am directed to refer to the instructions contained in Board�s Circular No.
47/2002-Cus., dated 29.07.2002, on the above subject and to say that some
references have been received in the recent past seeking Board�s clarification
whether the goods imported and bonded in a warehouse can be permitted to be
cleared for the purpose of export under Section 69 of the Customs Act, 1962 even
though demand notices under Section 72 of the Customs Act, 1962 have been issued
by the Customs authority demanding duty, interest and other charges upon expiry
of the initial or extended period of warehousing.
2.
The matter has been examined in the Board.
It has been decided that in case an importer makes a request to permit
re-export of the goods under Section 69 of the Customs Act, 1962, such a request
may be allowed even if the permitted period for bonding has expired and demand
notice has been issued, or it has been decided to put the goods under auction.
Before permitting re-export in each such case, however, it will be
necessary to extend the period of warehousing under Section 61 of the Customs
Act to enable the importer to export the goods within the permitted period of
warehousing.
3.
Chief Commissioners are, therefore, requested to consider/decide such
requests from the importers keeping in view the aforesaid guidelines of the
Board and also taking into consideration all the relevant rules/ regulations for
export.
4.
The contents of this Circular may be suitably brought to the notice of
the field formations and the Trade under your jurisdictions.
5.
This issues in partial modification of Board�s earlier Circular under
reference.
|