TaxTMI 
TaxTMI 
Procedure regarding Duty Free Shops at Visakhapatnam International Airport – M/s. India Tourism Development Corporation Limited
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.... Customs Act, 1962 and the following: • Notification No. 66/2016-Customs (N.T.) dated 14th May 2016. • Special Warehouse (Custody & Handling of Goods) Regulations, 2016 (Notification No. 69/2016-Customs (N.T.) dated 14th May, 2016). • Special Warehouse Licensing Regulations, 2016 (Notification No. 72/2016 -Customs (N.T.) dated 14th May, 2016). • Circular No. 20/2016-Customs dated 20th May 2016. • Circular No. 31/2016-Customs dated 6th July 2016. • Circular No. 32/2016-Customs dated 13th July 2016 and any further circulars/instructions issued in this regard. 1. Class of goods which shall be deposited in ITDC Special warehouse are prescribed vide Notification No. 66/2016-Cus (N.T.) dated 14.05.2016. 2. The Special Warehouse (Custody & Handling of Goods) Regulations, 2016 (Notification No. 69/2016-Customs (N.T.) dated 14th May, 2016) prescribe maintenance of a computerized system for accounting. Accordingly, the system of accounting of receipt, storage, operations and removal of goods with regard to ITDC Duty Free Shops is prescribed below: • All the operation of the special Warehouse s....
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....a resident of India is permitted to take outside India (other than to Nepal or Bhutan) or bring into India (other than from Nepal or Bhutan) currency notes up to an amount not exceeding Rs 25,000/-. Similarly, any person resident outside India, not being a citizen of Pakistan or Bangladesh, and visiting India, has also been allowed to take outside India or bring into India, Indian currency notes upto an amount not exceeding Rs 25,000/-. • In connection to the RBI Notification No. FEMA 6 (R)/RB-2015 dated 29th December 2015, passengers shall be permitted to purchase goods at duty free shops in Indian Currency Notes up to an amount not exceeding Rs 25,000/-. • information relating to the use of Indian Currency Notes not exceeding Rs 25,000/- at Duty Free Shops should be displayed at the Duty Free Shops. • It may be ensured that the DFS displays the rate of exchange as published by the commercial banks for conversion of foreign currency or the rate of exchange notified by the CBIC on a fortnightly basis for import and export of goods. Similarly, websites of DFS/Airports must be kept accurately updated with regard to the facility and limit in use ....
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....eturn may be filed as a paper copy or in digital form, as preferred by the licensee (digital form means, such as, in a Pen drive or CD). The Return need not include details of sales to individual international passengers. These can be verified by the Bond Officer (Airport Admin Officer) or any authorized officer, from the digital records maintained by the licensee. (c) The monthly return to be filed by the licensee as per para 4 (a)(ii) shall be filed in Form B (as per the Circular 32/2016 - Customs dated 13.07.2016) appended to this Standing Order. The Return shall be filed with the Bond officer (Airport Admin Officers) as a paper copy. (d) The Duty Free Shop Operator shall also maintain digital records of sales to international passengers as per Form C (as per the Circular 32/2016 - Customs dated 13.07.2016). The digital file containing these details shall be integrated with the records maintained for the warehoused goods, every 24 hours, and should be available for inspection as a part of the data maintained as per Form A. However, filing of returns would not be required for the record maintained as per Form C (AC/DC, Airport Admin may formulate the time framed....
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....2016, there is no requirement of the Customs Officers physical presence at the time of sale and also the signature on the individual sale vouchers was not required and cannot be insisted upon either by the Customs Officers or by the Licensee. e. The Duty Free Shop shall record their sales to passengers by a computer generated invoice, which shall contain the name of the passenger, flight number & passport number. This data shall be stored digitally, in Form C. Under the provisions of Regulation 3 (d) and Regulation 5 of Special Warehouse Licensing Regulations, 2016, the Commissioner of Customs has instructed to take a scanned copy of the Passport and the Boarding Pass of the eligible international passenger as a digital copy and to link the same with the sale invoice which has to be preserved as record for five years. f. The records of the warehouse shall be updated every 24 hours with the data elements contained in Form C. 8. The Deputy/Assistant Commissioner in charge of the Airport Administration shall oversee the entire operations of the ITDC Special Warehouse and DFSs and is designated as the proper officer for permitting removal of goods for deposit of go....