TaxTMI 
TaxTMI 
Procedure to be followed in cases of manufacturing or other operations undertaken in bonded warehouses under section 65 of the Customs Act-reg.
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....e executed by the licensee, maintenance of accounts, conduct of special audit and cancellation / suspension of permission etc. 3. While Regulation (3) provides for the data elements to be obtained from the applicant seeking permission "to undertake any manufacturing process or other operations", no form has been prescribed. For the sake of uniformity, ease of doing business and exercising due diligence in grant of permission under section 65, the form of application to be filed by an applicant before the jurisdictional Principal Commissioner / Commissioner of Customs is prescribed as in Annexure A. 3.1 It is to be noted that an applicant desirous of manufacturing or carrying out other operations in a bonded warehouse under section 65 read with MOOWR, 1966 must also have the premises licensed as a private bonded warehouse under section 58 of the Customs Act. As part of ease of doing business and in order to avoid duplication in the process of approvals, the form of application (Annexure A) has been so designed that the process for seeking grant of license as a private bonded warehouse as well as permission to carry out manufacturing or other operations stands integrated into a....
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.... (hereinafter referred to as the, "CGST Act"). It would therefore be taxable in terms of section 9 of the CGST Act, 2017 or section 5 of the Integrated Goods and Services Tax Act, 2017 depending upon the supply being intra-state or inter-state. The resultant product will thus be supplied from the warehouse under the cover of GST invoice on the payment of appropriate GST and compensation cess, if any. As regards import duties payable on the imported goods contained in so much of the resultant products are concerned, same shall be paid at the time of supply of the resultant product from the warehouse for which the licensee shall have to file an ex-bond Bill of entry and such transactions shall be duly reflected in the accounts prescribed under Annexure B. 7. For waste or refuse arising out of manufacture and other operations in relation to the resultant products cleared for home consumption, import duty on the quantity of the warehoused goods contained in such waste or refuse shall be paid as per clause (b) to sub-section (2) of section 65. 8. For waste or refuse arising out of manufacture and other operations in relation to the resultant products cleared for export, where impo....
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....nt Number: 8. Name, Address & DIN (if applicable) : [of Proprietor/Partners/Directors etc. (Please attach copies of ID proof)]. 9. Name & Designation of the Authorized Signatory: (Please attach copy of Aadhaar Card as proof of ID). 10. Details of existing manufacturing facilities in India and/or Overseas of the applicant firm and of each of its directors/partners/proprietor, as the case may be (please attach separate sheet if required): Part II 1. Address of the proposed site or building: 2. Boundaries of the warehouse: (a) North (b) South (c) West (d) East 3. Details of property holding rights of the applicant (please provide supporting document): (i) Owner (ii) Lease/rent 4. Contact details at the site/premises: Tel: Fax email Website, if any 5. Details of warehouse license issued earlier to the applicant, if any: (i) Date of issue of licence. (ii) Commissionerate file No. (iii)Attach copy of warehouse license. 6. Whether the applicant is a Licensed Customs Broker? If yes, please provide details: 7. Whether the applicant is AEO? If yes, please provide details. 8. Description of Premises: (Pleas....
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.... shift for round the clock security: (iv) Fire Security: (Please enclose a fire safety audit certificate issued by a qualified independent agency) 11. DECLARATION: We are a registered or incorporated entity in India. 1. I/We undertake to comply with such terms & conditions as may be specified by the Principal Commissioner of Customs or the Commissioner of Customs. 2. I / We have not been declared insolvent or bankrupt by a court or tribunal. 3. I/We have not been convicted for an offence under any law. 4. I/We have neither been penalized or convicted nor are being prosecuted for an offence under the Customs Act, 1962 or Central Excise Act, 1944 or Finance Act, 1994 or Central Goods and Services Tax Act,2017 or Integrated Goods and Services Tax Act,2017 or Goods and Services Tax (Compensation to States) Act,2017. 5. There is no bankruptcy or criminal proceedings pending against me / us. 6. We hereby declare that the information given in this application form is true, correct and complete in every respect and that I am authorized to sign on behalf of the Licensee. I further undertake that if any particulars declared by me/us are proved to be false, the l....
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....section (2) of Section 59 of the Customs Act, 1962 by a unit operating under section 65 of the Customs Act 1962) KNOW ALL MEN BY THESE PRESENTS THAT we M/s ______________having our office located _______________at and holding Import -Export Code No. , __________________hereinafter referred to as the "importer", (which expression shall include our successors, heirs, executors, administrators and legal representatives) hereby jointly and severally bind ourselves to the President of India hereinafter referred to as the "President" (which expression shall include his successors and assigns) in the sum of Rs. _____________(please fill amount in words) to be paid to the President, for which payment well and truly to be made, we bind ourselves, our successors, heirs, executors, administrators and legal representatives firmly by these presents. Sealed with our seal(s) this ____________day of __________20___________ . WHEREAS the Principal Commissioner or Commissioner of Customs, has granted license to operate a warehouse under Section 58 of the Customs Act; AND WHEREAS the Principal Commissioner or Commissioner of Customs, has granted permission for carrying out manufacture and....
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.... Occupation 1. 2. Accepted by me this ____ day of 20 , for and on behalf of the President of India. (Assistant/Deputy Commissioner) Signature and date Name: Schedule to the General Bond to be executed by the importer under sub-section (2) of Section 59 of the Customs Act, 1962 for the purpose of warehousing of goods to be imported by them. Bill (Warehousing/ Home consumption/ /Export) No. and date Duty assessed on the goods Bond value to be debited or credited (Thrice the amount of duty) Debit Credit Balance of bond value Remarks Signature of the officer along with full name and designation (1) (2) (3) (4) (5) (6) (7) (8) ============= Document 1 Form to be maintained by a unit operating under section 65 of the Customs Act for the receipt, processing and removal of goods. Name and address of the Unit: IEC: Annexure-B GSTIN: Bill of Entry No. and date 1 Commissionerate: RECEIPTS....