Ex Bonding Stock from bonded warehouse

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2011 Dear Experts
We kept imported bulk cargo in a bonded warehosues, now we have paid duty and exbonded the cargo since 90 free days is over.

Physically the cargo is lying in the same bonded warehosues. Kindly confirm whether the cargo has to moved physically from the bonded warehouse or lye on the same bonded warehouse.

Ashok Asthana

Ashok Asthana (Expert)
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20 June 2011 Move the cargo immediately. Unbonded cargo can not be kept in the bonded warehouse and the wharehouse will not be liable in case of damage or theft.