State Excise and VAT licensing requirement: buyers in bond to bond liquor transfers must hold licences and submit copies with warehousing bonds. Customs mandates that any buyer in a bond to bond purchase of imported liquor must hold state excise and VAT licenses and submit self attested copies with the triple duty bond for warehousing; sellers must verify buyers' licenses. The measure, linked to Section 59 transfer rules and state excise/VAT controls, aims to improve monitoring of warehoused liquor and prevent duty evasion. Original importers and holders of special bonded warehouse licenses are exempt. The guidelines are effective immediately and are to be publicized and enforced by customs personnel.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
State Excise and VAT licensing requirement: buyers in bond to bond liquor transfers must hold licences and submit copies with warehousing bonds.
Customs mandates that any buyer in a bond to bond purchase of imported liquor must hold state excise and VAT licenses and submit self attested copies with the triple duty bond for warehousing; sellers must verify buyers' licenses. The measure, linked to Section 59 transfer rules and state excise/VAT controls, aims to improve monitoring of warehoused liquor and prevent duty evasion. Original importers and holders of special bonded warehouse licenses are exempt. The guidelines are effective immediately and are to be publicized and enforced by customs personnel.
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