Q. Is it necessary that goods stored in customs bonded warehouse have to be first processed for value addition and then removed for re-export or for local consumption?
No. You can re-export the warehoused goods under Section 69 of the Customs Act, 1962 without any processing. You can also clear the warehoused goods in DTA without any processing under Section 68 of the Customs Act, 1962. The conditions for such re-export or DTA clearance are spelt out in those legal provisions.
Q. We are auto parts manufacturers and facing a problem of non-clearance of long-pending shipping bills, due to which