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Customs - Board's Circulars27.12.1993

EOU - Grant of private bonded warehouse licence and in-bond manufacture licence to 100% EOUs.

Document Text

Warehousing – Grant of private bonded warehouse licence to EOU for a validity of 5 years: F. No. 473/54/93-LC, dated 27-12-1993. Government of India, Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, New Delhi. Sub: - Grant of private bonded warehouse licence and in-bond manufacture licence to 100% EOUs -Instructions - Reg.: I am directed to refer to the correspondence resting with Board's letter F. No. 473/ 482/85-CUS-VIII, dated the 7th April, 1986 (copy enclosed) [Not printed] on the above subject and to say that instances have been brought to the notice of the Board by the Confederation of 100% EOUs that significant time is invariably being taken by the customs authorities in granting extensions to the private bonded warehouse licence under section 58 of the Customs Act, 1962. Such delays should be avoided as they upset the program of the 100% EOUs and may also cause a set back to their export performance. 2. With a view to obviate the difficulty of the 100% EOUs; a policy decision has been taken by the Board for grant of licences to 100% EOUs under section 58 of the Customs Act, 1962, valid for a period of five years. Such licences may be extended for a further period of five years or for such period of export obligation as prescribed by SIA. 3. You are, therefore, requested to take necessary action in compliance with the Board's decisions.

Source: Government of India — Customs - Board's Circulars, dated 27.12.1993. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.

HS Codes Referenced

196219861993

Acts & Provisions Referenced

  • Customs Act, 1962.

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