OFFICE OF
COMMISSIONER OF CUSTOM(IMPORT)
IMP: 93/2003
EXP: 93/2003 Date:
30.01.2003
SUB:
Warehousing-Grant of extension of warehousing period by the Chief
Commissioner’s under section 61 of the Customs Act, 1962-reg.
**********
Attention
of the Trade is invited to Central Board of Excise and Customs, New Delhi,
Circular No. 47/2002 dated 29.07.2002 (copy enclosed for ready reference)
wherein the Board has issued revised guidelines for seeking extension of bond
period under section 61 of Customs Act, 1962.
The
trade is, therefore, advised to follow these guidelines while seeking extension
warehousing period under section 61 of Customs Act, 1962.
Sd/-
(AHMED HUSSAIN)
COMMISSIONER
OF CUSTOMS (IMPORT)
Attested
Sd/-
(P.N. BACHATE)
ASSTT.
COMMISSIONER OF CUSTOMS (BOND)
Encl:
As above
Issued
from F.No. S/6-Gen-2581/2000 01B
CIRCULAR NO. 03/2003-Customs.
F.No.
473/25/2002-LC
Government of India
Ministry of Finance and
Company Affairs
Department of Revenue
******
Jeevan Deep Building
Parliament Street,
New
Delhi, dated the 14th January, 2003.
To,
All Chief Commissioners of Customs,
All Chief Commissioners of Central Excise,
Subject: Warehousing- Grant
of extension of warehousing period by Chief Commissioners under Section 61 of the Customs Act, 1962
–regarding.
Sir,
I am directed to refer to
the instructions contained in Board’s Circular No. 47/2002-Customs, 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 or the Customs Act, 1962 have been issue 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
Commissioner 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.
Yours faithfully,
Sd/-
(S.K.
SINHA)
Director
To,
As per standard list