CUSTOMS (IMPORT OF GOODS AT CONCESSIONAL RATE OF DUTY FOR MANUFACTURE OF EXCISABLE GOODS ) RULES 2016

[Raghunandhaanan rvi]

Dear Sir,

Reference to Customs Notification No. 32/2016 [NT] that notified “Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) 2016 for availing duty concession/exemption on imported goods under Notifications issued under Section 25(1) of Customs Act 1961 for manufacture of excisable goods subject to fulfillment of certain conditions:

1. One of the conditions is that importer shall make an application to DC/AC of Central excise
2. Second condition is that importer shall execute continuity bond

The formats of application and bond are not been given in the said Rules 2016.

Thankful if anybody could help me to get the formats if already prescribed. If not, what is the alternate way to clear the goods under this Rule?

AI Summary

Discussion on Customs Duty Concessions: Formats for Applications and Bonds Under 2016 Rules, Security Requirements, and Duty-Free Imports. A user inquired about the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules 2016, specifically regarding the absence of prescribed formats for applications and continuity bonds required for duty concessions. Respondents suggested referring to older customs rules for bond formats and clarified that certain security requirements have been removed. They also mentioned that the necessary forms could be found online. Another user asked if excisable MS bars could import duty-free MS scrap from SEZ units under this exemption, indicating ongoing discussions about the applicability of these rules.