M/s CWC (M/s Central Warehousing Corporation) at IDPL Road, Kukatpally has been licensed to operate public bonded warehouse under Section 57 of Customs Act, 62. Different importers can keep their imported goods which are fit for bonding under warehousing procedure. The goods are permitted to be warehoused without payment of duty subject to execution of required bond under section 59 of Customs Act, 62. In terms of Sec. 69 of the Customs Act. 1962, the warehousing period is specified as one year. Extension for a period of another six months can be granted by Commissioner and Chief Commissioner is empowered for further period of extension to be granted as he may deem fit. The goods are permitted clearance against Ex-bond Bills of Entry in part or in full subject to payment of applicable duties. The free period for levying interest in respect of warehousing goods has been increased from 30 days to 90 days in the Financial Bill, 2003. Interest @ 15 % is chargeable for the goods kept beyond 90 days period. In case of non-clearance of goods, the bond executed in terms of Section 72 will be enforced beyond prescribed time limits. Importers also can claim clearances under valid EPCG, DEEC licences wherever applicable. Sec. 15(1)(b) of Customs Act. 1962 has been amended in the Financial Budget 2003. The presentation of the bill of entry for (ex-bond) home consumption is the relevant date for determination of rate of duty. Earlier i.e. before budget, the date of physical removal of the goods from the warehousing was the criterion to determine the releveant date for the purpose of rate of duty. The importer can relinquish the title after warehousing of the goods subject to payment of rent, interest and other charges including penalities if any in terms of Sec. 68 of the Custms Act. 1962.
CENTRAL WAREHOUSING CORPORATION
(A Govt. of India Undertaking)
Central warehousing Corporation (A Govt. of India Undertaking) under the Ministry of Consumer Affairs, Food and Public Distribution was established under Warehousing Corporation Act 1962. CWC is accredited with ISO 9002 (1994) for better quality Management systems and ISO 14001 (1996) for better Environmental, Management System from BSI.
In order to cater to the needs of Importers / Exporters, CWC is operating 30 CFS/ lCDís all over the country. At Hyderabad, CFS is operated from Kukatpally on Bombay National Highway.
Container Freight Station, Kukatpally:
Container Freight Station, Kuaktpally started functioning from 1998 with a capacity of 33713 MT including open storage. It has handled 18841 TEUs upto March 2002 and 24910 TEUs upto January 2003.
Traffic handled at CFS year wise.
1998-99 3628 TEUís
Facilities Provided at CFS Kukatpally:
(i)Covered CFS Area                           2758
2.Covered & open bonded area for import Cargo facility clearance on deferred payment of custom duty.
3. Telephone / Fax Facility Available.
4. Free parking of empty containers upto 30 days.
5. Transportation loaded export / import containers to gateway ports & vice versa.
6. Trained personal for clearance of import I export cargo.
7. Office of the Asst. Commissioner of Customs available in the premises.
8.Necessary infrastructure facilities like cranes, fork lifts, trucks are available for handling the cargo containers, available by appointing H&T contractor.
9. LCL Import Cargo / Handling Facility from CFS,Virugambakam, to CFS, Hyderabad.
10. Four days free time allowed for import / export containers for destuffing/stuffing.
11. Stuffing /destuffing of export / import cargo and inventory.
E. KRISHNA MURTHY
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