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

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.