Is there any expire date on the goods imported and bonded @ Warehouse as per Customs Act.
pls its urgent reply.....!
Sree :)
Bonded Goods
Shreyalmuri (CA Final) (236 Points)
15 January 2009
1 Replies
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 15 January 2009
Section 61 of the Customs Act prescribes warehousing period. Normal period is 1 year. In case of EOU, it is three years. The goods should be cleared from the warehouse for before expiration of such period or extention should be taken, if permitted.
A warehousing beyond 90 days attract interest payment. When ever any requiest for extension is made, the imported is required to pay the accrued interest.
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
