| Date: |
07-04-1995
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| Notification No: |
Customs Circular No 35/1995
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Instructions regarding warehousing - renewal of private bonded warehouse licence
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Instructions regarding warehousing - renewal of private bonded warehouse
licence
Circular No. 35 dated 7th
April 1995
I am directed to
refer to the correspondence resting with Board's instructions F.No. 473/ 349/ 87
-CUS- VII dated 20.7.89 and F.No. 473/ 21/90-CUS- VII dated 22.11.90 on the
above subject and to say that the Board is considering the grant of private
bonded warehouse licence under section 58 of the customs Act, 1962 on merits of
each case in line with the above instructions. It is however, observed that once
such facility is granted the requests for extension of the facility for further
period are also being referred to the Board for a decision.
2. The
Board has examined the issue and is of the view that once a facility of private
bonded warehouse licence under section 58 of the Customs Act, 1962 has been
granted, its subsequent renewal, if required, need not be referred to the Board
for a decision. Such subsequent renewals may be considered by the Collectors.
This would expedite the decisions on the party's request and reduce hardship to
the trade.
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