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Procedure governing the movement of excisable indigenous goods to the Warehouses or retail outlets of Duty Free Shops appointed or licensed under the Customs Act, 1962 – Regarding
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Warehousing procedure for duty free excisable goods enables removal under bond with customs oversight and reconciliation requirements. Procedure permits removal of excisable indigenous goods to duty free warehouses and retail outlets at international airports subject to registration deemed under Central Excise Rules, appointment of customs officers for control, execution of a running bond with security, issuance of triplicate certificates by Superintendent of Customs, serially numbered removal applications and invoices, examination and verification on receipt, and strict accounting by the consignee. Warehousing periods, duty and interest on home consumption, reconciliation requirements, and sanctions including withdrawal of facility and forfeiture of security are prescribed for failures or breaches.
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Warehousing procedure for duty free excisable goods enables removal under bond with customs oversight and reconciliation requirements.
Procedure permits removal of excisable indigenous goods to duty free warehouses and retail outlets at international airports subject to registration deemed under Central Excise Rules, appointment of customs officers for control, execution of a running bond with security, issuance of triplicate certificates by Superintendent of Customs, serially numbered removal applications and invoices, examination and verification on receipt, and strict accounting by the consignee. Warehousing periods, duty and interest on home consumption, reconciliation requirements, and sanctions including withdrawal of facility and forfeiture of security are prescribed for failures or breaches.
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