TaxTMI 
TaxTMI 
Licensing of Private Bonded Warehouses and Renewal thereof in case of EOU/EHTP/STPI
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.... aforesaid Regulations, an applicant needs to submit an undertaking while applying for the private warehousing license wherein he has to undertake to comply with such terms and conditions as may be specified by the Principal Commissioner of Customs or Commissioner of Customs, as the case may be. Accordingly, a format of such undertaking and conditions has been prescribed at 'Annexure A' to this Public Notice. The same may be taken into account by the applicants while making application under the aforesaid regulations. The format of Application Form is given in the annexure to Circular No. 26/2016-Customs dated 09.06.2016. 3. Further, in terms of para 4 of the aforesaid notification i.e. Notification No. 71/2016- Customs (NT) dated 14.05.2016, the applicant shall be required to submit following further documents, namely: (i) The applicant will be required to submit an all risk insurance policy that includes natural calamities, riots, fire, theft, skillful pilferage and commercial crime, in favour of the President of India, for a sum equivalent to the amount of duty involved on the dutiable goods proposed to be stored in the private warehouse at any point of ti....
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....hese Acts as are applicable to us. 2. The value of capital goods and raw materials to be held at any time in the warehouse shall not exceed the amount as stated in the Letter of Permission and/or approved list of capital goods and raw material to be imported and procured within India. 3. The packages shall be stacked in such a manner as the Customs officer in charge may direct so as to facilitate inspection from time to time. 4. We shall maintain stock books in such a manner as the Commissioner may prescribe so as to enable verification/checks to be made to ensure that the provisions of the Customs law and the conditions of the license are being satisfactorily complied by the license holder. 5. MOT Charges/Cost Recovery Charges, as opted, shall be paid in advance. Document 2 6. The non-duty paid imported / indigenous goods shall be utilised for production of the final products. We also undertake that every unit of the end product shall be exported except the waste, which may be dealt with as per section 65 (2) of the Custom Act 1962 and DTA sales as provided in FTP 2015-20 and authorised by the competent authority. 7. Proper record of ....
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....itions stipulated in the letter of intent No. dated and we the obligors have duly accepted the said terms and conditions. And whereas the Commissioner of licensed/authorised the premises at Central Excise at has as a private warehouse/unit wherein the dutiable goods, imported/sourced indigenously by us from time to time for manufacture of goods as aforesaid could be deposited without payment of duty on conditions specified in sub-section (1) of section 59 of the Customs Act, 1962, which conditions we the obligors hereby accept. We hereby indemnify the Commissioner of Central Excise, Gurgaon-I, from any liability arising on account of loss suffered in respect of the warehoused goods due to accident, damage, deterioration, destruction or any other unnatural cause during their receipt, delivery, storage, dispatch or handling. We further undertake that we shall follow the following further conditions, namely: 1. We, the obligors shall, observe all the provisions of the Customs Act, 1962, Central Excise Act, 1944 and the rules and regulations made there under in respect of the said goods. 2. We, the obligors shall, pay on or before a....
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....ons stipulated in Customs/Central Excise Notifications, as amended, under which the specified goods have been imported/sourced, as well as the Foreign Trade Policy 2015-2020, as amended from time to time and to pay on demand an amount equal to the Customs and Central Excise Duties leviable on the goods as are not proved to the satisfaction of Assistant Commissioner/Deputy Commissioner of Customs/Central Excise to have been used in the manufacture of articles for export and any penalty imposed under Customs Act, 1962 or Central Excise Act, 1944 and rules or regulations made there under as the case may be. 10. We, the obligors, shall discharge all dues whether Central Excise duty or the lawful charge which shall be demandable on the goods obtained by us without payment of duty from the domestic tariff area and transported from the place of procurement to our premises for use in Special Industrial purpose and shall also pay after final assessment by the proper officer/Assistant Commissioner/Deputy Commissioner of Central Excise or such other delegated authority, as the case may be, which were assessed on provisional basis under Rule 7 of the C....