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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....used goods specified in clause (1) of Notification No. 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 o....
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....n the warehouse) is cleared for domestic consumption, such a transaction 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 ensu....
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....ime of arrival or removal Of goods have to be provided. 13. As per Regulation 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 ....
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....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 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 34....
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.... of the bond officer with respect to security, fire protection, IT enabled inventory management system, type of construction, security and storage space of the strong-room. area available for examination of goods, software etc. 4. Is the Premises recommended for issue of license as a warehouse along with permission 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. an....
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....lue Tax paid (if applicable) Description duty Comp. of goods IGST Quantity with UQC Duty involved Assessable Value BCD IGST Comp cess date cess 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Document 9 RESULTANT PRODUCTS (CLEARANCE FOR HOME CONSUMPTION) Resultant products cleared for home consumption Warehoused goods contained in so much of the resultant products cleared for home consumption Date and GST Invoice time of removal No and date Description of goods Quantity with UQC Tax pard Value 43 44 45 46 47 .18 GST Comp cess 49 Bill of Entry No. and date Duty paid Description 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....
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....d to grant license to operate a warehouse under Section 58A of the Customs Act; AND WHEREAS the Principal Commissioner or Commissioner of Customs, has decided to permit carrying out manufacture and other operations in the warehouse under Section 65 of the Customs Act; AND WHEREAS the Assistant/ Deputy Commissioner of Customs has given permission to enter into a General Bond for the purpose of sub-section (2) of Section 59 of the Customs Act, in respect of warehousing of goods to be imported by us during the period from days inclusive). NOW THE CONDITIONS of the above written bond is such that, if we: to (both (1) comply with all the provisions of the Customs Act, 1962, 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 and the rules and regulations made thereunder in respect of such goods; (2) pay in the event of our failure to discharge our obligation, the full amount of duty chargeable on account of such goods together with their interest, fine and penalties payable under section 72 of the Customs Act, 1962 in respect of such goods; ....