Customs Manual 2023: Section 65 Details Bonded Warehouses Operations, Licensing, and Tax Regulations for Imports and Exports.

The Customs Manual 2023 outlines regulations for manufacturing and other operations in bonded warehouses under the Customs Act, 1962. Section 65 allows operations in private warehouses, detailing eligibility, licensing, and record-keeping requirements. If products are exported, a shipping bill is filed, and no duty is paid on imported goods. For domestic consumption, GST applies, and import duties are paid upon supply. Warehouses can import goods and clear them for consumption or export, adhering to tax regulations. Operations under Section 65 permit jobwork and repair activities, with specific accounting and documentation requirements.