Importer record-keeping requirements under concessional customs imports require detailed stock accounts, immediate intimation of short receipt, and quarterly filing. Importer under the concessional customs import regime must maintain a detailed account of imported goods showing quantity and value of imports, receipt in the relevant premises, consumption, domestic manufacture use, exports made to fulfil the intended purpose, supplies to end use recipients, goods sent to job work, goods received back after job work, re-exported goods, and closing stock according to bills of entry. The account must be produced whenever required by the jurisdictional customs officer. If imported goods are not received, or are received short, the importer must immediately intimate the non-receipt or short receipt on the common portal in Form IGCR-2. The importer must also file a quarterly statement on the common portal in Form IGCR-3 by the tenth day of the following quarter.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Importer record-keeping requirements under concessional customs imports require detailed stock accounts, immediate intimation of short receipt, and quarterly filing.
Importer under the concessional customs import regime must maintain a detailed account of imported goods showing quantity and value of imports, receipt in the relevant premises, consumption, domestic manufacture use, exports made to fulfil the intended purpose, supplies to end use recipients, goods sent to job work, goods received back after job work, re-exported goods, and closing stock according to bills of entry. The account must be produced whenever required by the jurisdictional customs officer. If imported goods are not received, or are received short, the importer must immediately intimate the non-receipt or short receipt on the common portal in Form IGCR-2. The importer must also file a quarterly statement on the common portal in Form IGCR-3 by the tenth day of the following quarter.
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