5 Questions
Where are some imported goods warehoused for supply to EOU/EHTP/STP/SEZ units?
International airports
What are some reasons why an importer may not want immediate clearance of imported goods?
Market price, saleability, non-requirement, paucity of funds
Under what circumstances do goods imported for sale in duty-free shops at international airports get warehoused?
Before being sold to international travelers
When can imported goods be removed to a warehouse without payment of duty?
Before landing
Where can public or private bonded warehouses be operated according to the Customs Act, 1962?
At designated warehousing stations
Learn about the specific provisions in the Customs Act, 1962 that allow importers to warehouse goods due to various factors like market conditions, production requirements, or duty-free shop sales at international airports.
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