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?

[PAWAN KUMAR]

Dear Sir,

The application format has not provided in the notification itself, however there is requirement of filing information. The copy of which is to be submitted to Jurisdictional AC/DC and AC/DC of port of import.

Further the continuity bond format, you may refer old rules of Customs (import at concessional rate of duty).

Thanks

[KASTURI SETHI]

Non-availability of prescribed pro forma/annexure in Notification No.32/16-Customs (N.T.) as amended vide Notification No.39/16-Customs (NT) dated 15.3.16 and earlier Notification No.36/96-Customs (NT) dated 23.7.96 means it is not required.(In corresponding rules of Central Excise, Annexures have been prescribed in Notification No.20/16-CE(NT) dated 1.3.16 itself).

Further, only surety bond is required to be executed. The condition of 'security' has been dispensed with vide Notification No.39/16-Customs (NT) dated 15.3.16. In Rule 5 (2) of these rules, the words, "or security" stand omitted.

Regarding bond pro forma, I agree with the reply of Sh. Pawan Kumar,an expert.

[Raghunandhaanan rvi]

Thanks a lot for Mr. Pawan Kumarji and Mr. Kasturi Sethi Sab for your valuable suggestions and Guidance.

[KASTURI SETHI]

Dear Sh.Raghunandhaanan Ji,

See Form No.007 format for Continuity Bond (Surety) which is available in this site of TMI. you will have to click Customs>FORMS. If you find any problem, let me know.

[KASTURI SETHI]

Customs Series Form No. 7 - Continuity Bond

[See Customs (Provisional Duty Assessment) Regulations, 1963]

 

[Raghunandhaanan rvi]

Thank you Sir.

[sukhbir singh]

Can a milk producing excisable MS bars import duty free MS scrap from SEZ units who have scrap as their bye product generation under this exemption notification.

AI Summary

Concessional import for manufacture of excisable goods requires application to excise authorities and execution of a continuity (surety) bond. Concessional import for manufacture of excisable goods requires an application to the jurisdictional Deputy/Assistant Commissioner of Central Excise and to the port Deputy/Assistant Commissioner and execution of a continuity bond (surety); the notification omits prescribed annexures, so existing continuity bond formats from earlier Customs provisions are relied upon, and the separate security requirement has been dispensed with, leaving only the surety bond obligation.