TaxTMI 
TaxTMI 
Manufacture and other operations in relation to goods in a warehouse:
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....e Warehouse (section 58 warehouse) Under section 65, the Board has prescribed "Manufacture and Other Operations in Warehouse(no.2) Regulations, 2019" amended vide "Manufacture and Other Operations in Warehouse(no.2) Regulations, 2020" to carry manufacture and other operations in a private warehouse (section 58). These regulations provide for eligibility conditions for grant of licence, conditions ....
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....a bonded warehouse is exported, the licensee shall have to file a shipping bill and pay any amounts due. A GST invoice shall also be issued for such removal. In such a case, no duty is required to be paid in respect of the imported goods contained in the resultant product as per the provisions of section 69 of the Customs Act. 21.3 If the resultant product whether emerging out of manufacturing or....
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....duct 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 of Circular No.34/2019-Custom dated 01.10.2019. 21.4 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 follow....
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....nsees shall also be required to submit monthly returns in "Form B" as prescribed under Circular No. 25/2016-Cus dated 8th June 2016 in case the warehouse is used for such purposes i.e. non-section 65 purposes. 21.6 Given the continuous nature of operations in warehouses under section 65, and the potential need to clear resultant goods expeditiously, the requirement to obtain prior permission of t....