SECTION 69.

(1) Any warehoused goods may be exported to a place outside India without payment of import duty if -

(a) a shipping bill or a bill of export in the prescribed form or a label or declaration accompanyingthe goods as referred to in section 82 has been presented in respect of such goods.

(ABOVE CHANGES VIDE THE FINANCE BILL, 2013)

[OLD- (a) a shipping bill or a bill of export has been presented in respect of such goods in the prescribed form;]
(b) the export duty, penalties, rent, interest and other charges payable in respect of such goods have been paid; and
(c) an order for clearance of such goods for exportation has been made by the proper officer.

(2) Notwithstanding anything contained in sub-section (1}, if the Central Government is of opinion that warehoused goods of any specified description are likely to be smuggled back into India, it may, by notification  in the Official Gaze direct that such goods shall not be exported to any place outside India with payment of duty or may be allowed to be so exported subject to such restriction and conditions as may be specified in the notification.

(Please refer CUS CIR NO.32/2003 DATE 07/04/2003)

(Please refer CUS CIR NO. 03/2003 DATE 14/01/2003 for Warehousing – Grant of extension of warehousing period by Chief Commissioners under Section 61 of the Customs Act, 1962 – regarding.)