Operational problems being faced by DOU in GST regime consequent to amendment in Notification no, 52/2003-Customs dated 31-3-2003

Continuity bond compliance: B 17 bond accepted and inter unit transfers allowed on invoice with GST, duty payable on DTA clearance.

The notice confirms that a B-17 running bond meets the continuity bond requirement under the Import of Goods at Concessional Rate of Duty Rules, 2017; estimated import quantity/value information under Rule 5(1)(a) may be provided for periods up to one year, for shorter periods, and may be amended; during the transitional period units may follow Rule 5 procedure or use procurement certificates; inter-unit transfers occur on invoice with GST, without immediate customs duty payment, supplier endorsement of duty exemption must be made, and recipient units are liable to pay basic customs duty when goods or finished products enter the domestic tariff area.