warehousing without payment of duty
This query is : Resolved
Dhananjay Jog
(Querist)
23 January 2011
My query was - can we get permission from Central Excise for warehousing the final product without payment of duty & what is the procedure & notification number.
As per Expert - As per sec 59 of custom act, goods may be kept in warehouse without paying the duty against executing the bond.
My quey - Since finised goods is not imported, its manufactured goods, because space Constraint, we want to store it outside the premises on rental basis,& bringing it back during the removal of said goods, can we get prmission from central excise as per section 59.
As per Expert - As per sec 59 of custom act, goods may be kept in warehouse without paying the duty against executing the bond.
My quey - Since finised goods is not imported, its manufactured goods, because space Constraint, we want to store it outside the premises on rental basis,& bringing it back during the removal of said goods, can we get prmission from central excise as per section 59.
24 January 2011
Not permitted.
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