4.23
- Document type
- Procedure
- Dated
- Category
- HB Vol.1 (upto 31/03/2001)
Warehousing facility
Public / Private Customs Bonded Warehouses may be set up in Domestic Tariff
Area by following the procedure envisaged in chapter IX of the Customs Act,
1962. Such warehouses shall be permitted to import the items in terms of
paragraph 4.15 of the Policy.
On receipt of goods, such warehouses shall keep the goods for a period of one
year without payment of applicable customs duties. Goods can be cleared against
the Bill of Entry for home consumption, on payment of applicable custom duty
and on submission of licence wherever required, provided an order for clearance
of such goods for home consumption has been made by the competent customs
authorities. In case of clearance against duty free categories / concessional
duty categories, exemption / concession from duty, as the case may be, allowed.
In case of clearance against DEPB, credit may be adjusted while allowing duty
free imports.
The goods can be re-exported without payment of customs duty provided
(i) a
shipping bill or a bill of export is presented in respect of such goods and
(ii) order for export of such goods has been made by competent customs
authorities.
Import, storage, clearance or re-export are subject to the provisions of the
Customs Act, 1962 and the rules, orders or notifications or instructions issued
in respect of these provisions.