MOOWR,2019

[Priyesh Mamnani]

Below are some of the issues in relation to MOOWR, 2019

Q1. What are the transactions covered in this regulations?

Q2. Is it possible to declare only one section of the factory a bonded warehouse? More importantly – can we pick and choose? For example, can we say that bonded warehouse system will be used for capital goods but not for the trade goods and other daily operations?

Q3. What is the investors liability or commitments in this regulation?

AI Summary

MOOWR 2019: Manufacturing Operations Covered, Selective Bonded Warehousing Allowed, GST on Goods Mandatory The discussion revolves around the MOOWR, 2019 regulations, focusing on three main queries. First, the transactions covered under these regulations include manufacturing and other operations, with no export criteria. Second, it is possible to designate only certain sections of a factory as bonded warehouses, allowing selective application to capital goods but requiring clear demarcation. Third, investors must pay GST on manufactured goods, with more details available in specific circulars and notifications. The conversation emphasizes consulting the relevant Board's circulars and notifications for comprehensive understanding and clarifications.