TaxTMI 
TaxTMI 
TaxTMI 
Procedure to be followed in cases of manufacturing or other operations undertaken in special warehouses under section 65 of the Customs Act
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....o. 66/2016- Customs(N.T) dated 14th May, 2016 (herein after referred to as, "specified goods"). 3 MOOSWR, 2020 cover the procedures and documentation for a section 58A warehouse, operating under Section 65 of the Act, in a comprehensive manner including application for seeking permission under section 65, provision of execution of the bond and security by the licensee, receipt, storage and removal of goods, maintenance of accounts, conduct of audit etc. 4. Further, the Special Warehouse (Custody and Handling of goods) Regulations, 2016,which were hitherto governing the procedure for custody and handling of goods deposited in and removed from a Special Warehouse have been amended, vide Notification No. 77/2020-Customs (N.T) dated 17th August, 2020, to exclude their application for such warehouses operating under section 65. The said regulations will continue to be applicable for special warehouses, not operating under Section 65. 5. An applicant desirous of manufacturing or carrying out other operations on specified in bonded warehouse under section 65 must have the premises licensed a special warehouse under section 58A of the Customs Act. applicants can seek a license under sec....
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....action squarely falls within the ambit of "supply" under Section 7 of the Central Goods and Service Tax Act, 2017 (hereinafter referred to as the 'CGST Act') It would therefore be taxable in terms of section 9 of the CGST Act. 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 (rom the warehouse to the domestic tariff under the covet 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 90 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 (enclosed). As per MOOSWR, 2020, the applicant shall also inform the input-output norms for raw materials and final products and shall also inform the revised input-output norms in case of change therein. 9.1 The proper officer shall ensure that the goods so cleared are result of manufacturing or other op....
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....tion 4(2) (i) of MOOWSR 2020, a licensee is required to maintain accounts of receipt and removal of goods in digital form in such format as may be specified and furnish the same to the bond officer on monthly basis digitally. This information shall be communicated from the registered email address of a licensee to email Id [email protected]. Appointment of any new warehouse keeper should also be intimated along with the monthly returns. 14. As per Regulation 18(3), the records should be maintained electronically using software which has inter alia features of audit trail and with each event being recorded with time stamp. The licensee is also required to provide details of such software while applying in terms of MOOSWR 2020. At the time of inspection, the proper officer should, through a demonstration, check and ensure that the software meets the requirements of Regulation 18(3). In case licensee wishes to use any other software after issuance of license, bond officer should be informed in advance along with similar demonstration. Proper officer shall record the observations and confirm that the new software meets the requirements of Regulation 18(3). 15. Section 58A ....
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.... Address: Tel: Fax: E-mail: 7. Bank Account details: Name of the Bank: Branch name: Account 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). Document 2Traceback (most recent call last): File "C:\inetpub\vhosts\taxmanagementindia.com\httpdocs\python_image_text_project\google\direct_extract_text.py", line 19, in from google_doc_api import process_single_document File "C:\inetpub\vhosts\taxmanagementindia.com\httpdocs\python_image_text_project\google\google_doc_api.py", line 345 elif mime_type in ["image/gif"]: IndentationError: expected an indented block after 'if' statement on line 341 Document 3 (ix) Please indicate whether the premises have been authorized for commercial use by local Government authorities? 9. Goods proposed to be manufactured or other operations proposed to be....
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....mission for manufacture or other operations? Signature: Name: Designation: Date: Document 6 Part IV (For use by Customs Only) 1. Upon the satisfaction of the Commissioner that the licence may be granted, the following shall be obtained from the applicant (Please refer Regulations 3 and 4 of Special Warehouse Licensing Regulations, 2016): (i) Solvency certificate, where applicable. (ii) Insurance Policy. (iii)Undertaking under section 73A. (iv)Indemnity undertaking. (v) Bond as per Annexure C to this Circular. (vi) Details of Warehouse keeper appointed by the Licensee: (a) Name (b) Address (residential) (c) Tele: (office) (d) Tele: (mobile) (e) E-mail id: (vi) Confirmation that digital signature has been obtained by the warehouse keeper (as per guidance available on ICEGATE website). 2. Licence No. and date of issue: 3. Warehouse Registration Code on ICEGATE (refer Circular 19/2016 dated 20th May 2016): Signature: Name: Designation: Date: Document 7 Part V (For use by Customs only) (Details of commencement of manufacture or other operations in the Warehouse) 1. Date of verification visit to certify commencement of manufacture or other operations in th....
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....on of goods Quantity with UQC Assessable Value Comp BCD IGST 50 51 52 53 54 55 cess 56 IMPORTED GOODS CLEARED AS SUCH Imported goods exported as such Duty involved 57 Imported goods cleared as such for home consumption Descrie C C RCD KGST Com Nas and date of gends" with UGC Valie BCD IGST Com 58 59 60 61 62 63 TREATMENT OF WASTE OR REFUSE ARISING OUT OF MANUFACTURE OR OTHER OPERATIONS WHERE THE RESULTANT PRODUCT IS Quantity of waste or refuse destroyed Duty to be remitted on the quantity of warehoused goods contained in so much of the waste or refuse (destroyed or cleared as such) EXPORTED Duty paid on waste or refuse Descri ption of Quantity Assessab Duty involved Com Descripti Quanti valu Details of Duty paid Duty involved Com with UQC le Challa BC IGS Descripti on of Quanti Assessab Com ty with le BC IGS value 1 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 TREATMENT OF WASTE OR REFUSE ARISING OUT OF MANUFACTURE OR OTHER OPERATIONS WHEN THE RESULTANT PRODUCT IS CLEARED FOR HOME CONSUMPTION Bill of Entry No. and date 90 Duty paid on warehoused goods contained in so much of the waste or refuse Descript....