Manner of application and procedure to be followed under section 65 of the Customs Act, 1962, for manufacturing or carrying out other operations in a bonded warehouse
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Manufacturing in bonded warehouses now requires an integrated application, unified digital records, and specified bond and tax procedures. Prescribes the procedure and standardized application (Annexure A) for permission to carry out manufacturing or other operations in a bonded warehouse under section 65, integrated with the private bonded warehouse license; requires unified digital recordkeeping in Annexure B combining MOOWR, 1966 and Warehouse Regulations, 2016 data, and execution of a triple duty bond in Annexure C. Details verification visits, security and facility requirements, fiscal treatment of resultant products for export and home consumption (including GST invoicing and ex-bond bill of entry for duty payment), and duty treatment of waste or refuse.
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Provisions expressly mentioned in the judgment/order text.
Manufacturing in bonded warehouses now requires an integrated application, unified digital records, and specified bond and tax procedures.
Prescribes the procedure and standardized application (Annexure A) for permission to carry out manufacturing or other operations in a bonded warehouse under section 65, integrated with the private bonded warehouse license; requires unified digital recordkeeping in Annexure B combining MOOWR, 1966 and Warehouse Regulations, 2016 data, and execution of a triple duty bond in Annexure C. Details verification visits, security and facility requirements, fiscal treatment of resultant products for export and home consumption (including GST invoicing and ex-bond bill of entry for duty payment), and duty treatment of waste or refuse.
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