TaxTMI 
TaxTMI 
Provisions of Section 65 of the Custom Act. 1962 for manufacturing or other operations undertaken in Customs Bonded Warehouse
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....#39;s Circular No. 38/2018-Customs dated 18.10.2018 providing for procedure to be followed in cases of manufacturing and Other operations undertaken in bonded warehouses under Section 65 of the Customs Act, 1962. 1. Section 65 read with Manufacture and other operations in warehouse Regulation 1966 (hereinafter referred to as MOOWR-1996) provide for an application seeking permission under Section 65 and also for the condition of the Bond to be executed by the licensee, maintenance of the accounts, conduct of special audit and cancellation / suspension permission etc. 2. It is to be noted that an applicant desirous of manufacturing or carrying out other operations in the bonded warehouse under Section 65 read with (MOOWR, 1966) must als....
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....ded warehouse shall be required to maintain records as per the form prescribed under the said Circular (Annexure B), which combines data elements required under MOOWR, 1966 and Warehouse (Custody and Handling of Goods) Regulations, 2016 Sub-Section 59 of the Customs Act requires the owner of the warehoused goods. Such bond shall be executed in the form prescribed under the said Circular as per Annexure-C. 4. To the extent that the resultant product manufactured or worked upon in a bonded warehouse in exported, the licensee shall have to file a shipping bill and follow the procedure prescribed under the Warehoused Goods (Removal) Regulations 2016 for transport of goods from the warehouse to the Customs station of export. A GST invoice sha....
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....se (b) to sub-section (2) of Section 65. 7. For waste or refuse arising out of manufacture and other operations in relation to the resultant products cleared for export, where import duty on the waste or refuse is paid as per proviso to clause (a) to sub- section (2) of Section 65, the same shall be deposited manually through a Challan. The records maintained as per Annexure-B would be sufficient for accountal of such goods. 8. It may be noted that units operating under Section 65 read with Section 58 of the Customs Act, are entitled to import capital goods, machinery, inputs etc. by following the provisions under Chapter IX. In so far as domestic procurement is concerned. Applicable rates of taxes shall be payable and exemptions. If ....
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....nder section 65 of the Customs Act 1962. 1. Name of the Applicant: 2. PAN No: 3. GSTIN: 4. IEC: Part I 5. Constitution of business (Tick as applicable and attach copy) (i) (ii) (iii) (iv) (vi) (vii) Proprietorship Partnership Limited Liability Partnership Registered Public Limited Company Registered Private Limited Company Registered Trust Society/Cooperative society (viii) Others (please specify) Note:- Copy of certificate of incorporation along with Memorandum of Objects and Article of Association in case of companies and partnership deed in case of partnership firms should be attached. 6. Registered office: Address: Tel: Fax: E-mail: 7. Bank Account....
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.... HSN Classification Description DETAILS OF WASTE & SCRAP Classification as Customs Tariff Briefly detail, input- out ratio and attach any supporting publication/document, if available. In case of any change in the nature of operations subsequent to the grant of permission, the same shall be informed to the jurisdictional Commissioner of Customs within 15 days. 10. SECURITY FACILITIES AT THE PREMISES, EXISTING OR PROPOSED: (i) Burglar Alarm System: (ii) CCTV Facility: a. Is there a CCTV monitoring system installed to cover the surrounding area of the site and storage area? b. Please indicate the no. of cameras installed: c. No. of hours/days of recording accessible at any point of time: ....
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....be cancelled and I/we shall be liable for action under Customs Act, 1962. Stamp Date: Place: (Signature of the applicant/authorized signatory) Document 5 1. Verification of the applicant: Part III (For Use by Customs Only) [Result of reference made for verification of Declaration at serial no. 11 of Part -11 of the application) (verification to be conducted from DRI/DGGI; grant of licence may not be held up pending verification)] 2. Date of visit to the premises by the bond officer: 3. Findings of the bond officer with respect to security, fire protection, IT enabled inventory management system, type of construction, area available for examination of goods, if required etc. 4. Is the Premise....