Amendment status not verified — confirm the current text below against the official source.
Periods for which goods may remain in warehouse under bond.-Any goods warehou used may he left in the warehouse in which they are deposited file a period of three years or such extended period as the Excise Commis- sioner ill each case allow. The owner of any such goods remaining in the warehouse shall, before the expiry of the period mentioned above. clear the same for consumption in the State alter payment of duty or for removal in bond to another bonded warehouse or for exportation. Comment The rule fixes the period of three years in normal case for which goods may remain in warehouse.