Warehousing Facility 2.19

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 2.28 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/certificate/permission wherever required, provided the competent customs authorities have made an order for clearance of such goods for home consumption.

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, customs duty on imports may be adjusted against DEPB credit.

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, Notifications or Instructions issued in respect of these provisions.