Customs - Board's Circulars30.09.1985
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Document Text
F.No.305/111/85-FTT 03-12-85 1. Of late, the Board has been receiving complaints from the associations of 100% EOUs and other Federations of Exporters that the field staffs of various Collectorates are putting pressure on 100% EOUs to pay interest on the amount of duty involved in the goods in the bonded warehouse pending the extension of the warehousing/Bonding period. taken liberally grant extension of 2. It is hereby clarified that in so far as 100% EOUs are concerned a policy decision has been the to bonding/warehousing period as also waiver of interest arising on the goods kept in the Warehouse. You may, therefore, advise the Units to forward their applications for extension of the Bonding period and for waiver of interest to the under Secretary Customs VII Branch well in advance. Suitable instructions may also be issued to the Subordinate Staff that while notices may be issued for recovery of interest charges the same should not be enforced against the 100% EOUs in view of the aforesaid policy decision of the Board.
Source: Government of India — Customs - Board's Circulars, dated 30.09.1985. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.
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