Change of ownership: new documentary and bond requirements prescribed for transfer of warehoused imported goods under customs supervision. Denaturing of ethyl alcohol in warehouse storage is permitted only under Customs supervision with permission from the AC/DC Group and in accordance with Board Circulars, Public Notices and the Denaturing of Spirit Rules, 1972. A new change of ownership procedure allows AC/DC Bond to permit transfers on seller and buyer request, conditioned on submission of an application form, a purchaser-executed triple duty bond on prescribed notarised non-judicial stamp paper, letters of willingness from importer and purchaser, CHA appointment letter if applicable, warehousing Bill of Entry with examination order, endorsed Bill of Lading, and a prescribed bond or sale agreement for transfer.
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Change of ownership: new documentary and bond requirements prescribed for transfer of warehoused imported goods under customs supervision.
Denaturing of ethyl alcohol in warehouse storage is permitted only under Customs supervision with permission from the AC/DC Group and in accordance with Board Circulars, Public Notices and the Denaturing of Spirit Rules, 1972. A new change of ownership procedure allows AC/DC Bond to permit transfers on seller and buyer request, conditioned on submission of an application form, a purchaser-executed triple duty bond on prescribed notarised non-judicial stamp paper, letters of willingness from importer and purchaser, CHA appointment letter if applicable, warehousing Bill of Entry with examination order, endorsed Bill of Lading, and a prescribed bond or sale agreement for transfer.
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