TaxTMI 
TaxTMI 
Removal of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. - Amendment to Notification 52/2003- Customs dated 31.03.2003.
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....es, subject to various conditions stated therein. The notification provides for warehousing of imported goods, to be used for manufacture of goods or other operations as well as their ex-bonding under certain circumstances. The Units, therefore, obtain a license as a warehouse under Section 58 of the Customs Act, 1962 and permission under Section 65 of the Act, as a manufacture-in-bond facility. 3. In line with the Government's objective of 'ease of doing business', the need for applying the warehousing provisions under Chapter IX of the Customs Act, 1962 to the above units, has been examined. 3.1 Warehouses are facilities set up to avail the benefit of customs duty deferment. Imported goods can be stored in a warehouse without paymen....
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....ications. 5. In view of the condition of warehousing having been dispensed with respect to the units, the warehoused goods register (warehousing bond register) shall not be required to be maintained w.e.f 13th August 2016. However, in order to maintain records of receipts, storage, processing and removal of goods, imported by the units, as required under notification 52/2003-Cus dated 31.3.2003, the Board has prescribed that the units shall maintain records of imported goods, in digital form, based upon data elements contained in Form A (appended). The software for maintenance of digital records must incorporate the feature of audit trail which means a secure, computer generated, time-stamped electronic record that allows for reconstruct....
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....ensed with for these units, the system of sending re-warehousing certificates to the customs station of import shall also stand dispensed w.e.f 13th August 2016. 7. In place of the re-warehousing certificate procedure, the following is prescribed: (i) The Units shall continue to obtain / furnish a Procurement Certificate at the Customs Station at the time of import or pre-authenticated procurement certificates, as applicable to them; (ii) Upon receipt of goods in the unit, a copy of the relevant bill of entry shall be provided to the jurisdictional office; (iii) The jurisdictional office shall reconcile the imports with procurement certificates. 7.1. Inter-unit transfer of capital goods and manufactured goods has been provide....
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.... applicable Customs Station of import, if applicable Code and address of Warehouse from where received (only in cases goods are procured from public or private warehouse) Name & Address of EoU from where goods are received, if applicable Others (in case of any other source of procurement) Details of B-17 Bond / Amount debited Description of goods Invoice No. Procurement Certificate No. and date Unit, Weight and quantity Value Duty assessed Registration No. of means of transport Date and time of receipt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Removal for processing Remarks (The goods removed f....