State Excise and VAT licence requirement: buyers in bond to bond liquor transfers must hold licences and submit copies. Customs requires that persons acquiring warehoused liquor by bond to bond transfer hold valid State Excise and VAT licences and submit self attested copies when executing the triple duty bond under Section 59; sellers must verify buyers' licences. The measure aims to prevent duty evasion, monitor warehoused liquor validity, and ensure compliance with State Excise and VAT laws. Exceptions apply to the original importer and to transfers to holders of a special bonded warehouse licence. The notice is effective immediately.
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 licence requirement: buyers in bond to bond liquor transfers must hold licences and submit copies.
Customs requires that persons acquiring warehoused liquor by bond to bond transfer hold valid State Excise and VAT licences and submit self attested copies when executing the triple duty bond under Section 59; sellers must verify buyers' licences. The measure aims to prevent duty evasion, monitor warehoused liquor validity, and ensure compliance with State Excise and VAT laws. Exceptions apply to the original importer and to transfers to holders of a special bonded warehouse licence. The notice is effective immediately.
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