New Procedure for Duty on Ship Stores: Steamer Agents to Estimate and Pay, With Quick Assessment and Refund Options.
The circular outlines the revised procedure for collecting duty on ship stores consumed during a vessel's temporary shift from foreign to coastal runs. Due to lapses in previous procedures, the new guidelines allow Steamer Agents to estimate and pay duty on bonded stores likely to be consumed, while remaining stores are sealed under customs regulations. The duty on consumables like alcohol and cigarettes is assessed, and bunkers are taxed provisionally at 110% of estimated consumption. Steamer Agents must file a Bill of Entry promptly, with assessments completed within seven days. Refunds can be claimed upon reconversion to foreign runs. The process includes detailed inventory and declaration requirements to ensure compliance.
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