Prescribing the manner of application and procedure to be followed under Section 65 of the Customs Act, 1962 - Customs - PUBLIC NOTICE NO. 56/2019

GOVERNMENT OF INDIA MINISTRY OF FINANCE, DEPARTMENT OF REVENUE OFFICE OF THE COMMISSIONER OF CUSTOMS (CHENNAI - III) CUSTOM HOUSE, NO.60, RAJAJI SALAI, CHENNAI-600 001. F.No.S.Misc. 240/2019- (Bonds-sea) Date : 29.07.2019 PUBLIC NOTICE NO. 56/2019 Sub: Prescribing the manner of application and procedure to be followed under Section 65 of the Customs Act, 1962 - Reg. Kind attention is invited to all stakeholders to the circular 38/2018 Customs dated 18.10.2018, issued under F.No. 484/03/2015 - LC prescribing the manner of application and procedure to be followed under section 65 of the customs Act, 1962 which provides for manufacturing as well as carrying out other operations in a bonded warehouse. The salient features of the provisions of circular 38/2018 Customs dated 18.10.2018 and its benefits are as stated below: 1. The form of application to be filed by the applicant for grant of permission under section 65 is enclosed in the circular is prescribed in Annexure 'A' to the circular 38/2018 Customs dated 18.10.2018 for the sake of uniformity. ease of doing business and exercising due diligence. 2. The prescribed form is an integrated form which featuring approvals under both section 58 and section 65 of Customs Act. 1962 to avoid duplication in the process of approvals. 3. The licensees manufacturing or carrying out other operations in a bonded warehouse shall be required to maintain records as per the form prescribed under this Circular (Annexure B), which combines data elements required under bed Manufacture and Other Operations in Warehouse Regulations, t 966 (MOOWR, 1966) and Warehouse (Custody and Handling of Goods) Regulations, 2016 for the ease of doing business. 4. The triple duty bond for the warehoused goods under Section 59 of the Customs Act. 1962 to be executed by the owner of the warehoused goods is prescribed under circular 38/2018 Customs dated 18.10.2018 as per Annexure C. 5. A single and decentralised authority (jurisdictional Commissioner of Customs) for granting requisite approvals. 6. No geographical limitations on where the units can be set up. 7. Import of capital goods and inputs without payment of duty. 8. Resultant goods can be exported or cleared for domestic consumption. In case of exports, no duties payable on the imported inputs or on the exported goods (zero rated). 9. Duty payment required only when the imported goods or the resultant goods are cleared to domestic tariff area (DTA). 10. No limit on export or domestic clearance. 11. No mandatory minimum NFE threshold or export obligation. 12. A single digitalised account has been prescribed for encouraging compliance and regulatory consistency. (RAJAN CHAUDHARY) COMMISSIONER OF CUSTOMS CHENNAI III (PREVENTIVE)