Page 234 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

67 and Section 69 of the Customs Act, 1962 (52 of 1962), and in supersession of the
Warehoused Goods (Removal) Regulations 1963 on Warehoused Goods (Removal)
Regulations, 2016. Section 157 read with Section 57, Section 58 and sub-section (2) of
Section 73A of the Customs Act, 1962 on Warehouse (Custody and Handling of Goods)
Regulations, 2016.

There are different kinds of Customs Bonded Warehouses. They are:
PUBLIC BONDED WAREHOUSE: The Section 157, read with Section 57 of the Customs Act,
1962 on Public Bonded Warehouse and is run by a State Government or Central Government
or their undertakings or a Private Agency approved by the Commissioner of Customs. Any
number of importers may keep their imported goods in the Public Bonded Warehouse
subject to availability of space.

PRIVATE BONDED WAREHOUSE: Section 157 read with Section 58 of the Customs Act, 1962
on Private Bonded Warehouse is meant for keeping the goods imported by a particular
importer and it cannot be used by others. The imported goods which have been removed
from the port to a Public Bonded Warehouse or Private Bonded Warehouse may remain in
the warehouse till the expiry one year from the date of warehousing. However, if the goods
are of perishable nature or having a shelf life, the period of one year may be reduced,
depending upon the nature and condition of the goods. The period of one year may be
extended by the proper officer of Customs subject to certain conditions. The significant
factor to be noted is that the goods kept in the Customs Bonded Warehouse are liable to pay
interest beyond the period of ninety days.
SPECIAL BONDED WAREHOUSE: Section 157 read with section 58B of the Customs Act,
1962 on Special warehouse is meant for keeping the goods imported by a particular a site or
building which is licensed by the Principal Commissioner of Customs or Commissioner of
Customs. The period of the license is granted under the Special Bonded Warehouse shall
remain valid until and unless it is cancelled and this licence cannot not be transferable.
EX-BOND BILL OF ENTRY: This bill of entry is required to be filed when the importer wants to
pay the duty and clear the goods from the Customs Bonded Warehouse and take them to his
premises. The entire quantity of goods warehoused need not be cleared on payment of
duty in one lot. The importer has got the option to clear the goods from the warehouse on
payment of duty in piece meal.
Q-916: A manufacturer unit have factory stuffing permission but we want to export the container
from our warehouse. Will it possible to dispatch the goods.
A-916: Not possible, only from approved premises, the stuffing is permitted.
Q-917: A manufacturer status holder have own warehouse in which kept their own export goods.
The 12 months period is over. Can they take further extension?
A-917: An exporter, who is a manufacturer and a status solder with a clean track record,
can furnish an LUT initially for a period upto six months which may be extended by a further
period not exceeding six months. Further extensions in the warehousing period in terms of
paragraph 6(a) of the Circular No. 579/16/2001-CX dated 26.06.2001 can be allowed to only
on furnishing security of 25% of the bond amount.

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