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TMI BlogRemoval of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. - Amendment to Notification 52/2003- Customs dated 31.03.2003.X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman";} <![endif]--> Circular No.35/2016-Customs F. No. 484/3/2015-LC (Pt II) Government of India Ministry of Finance Department of Revenue Central Board of Excise Customs .. North Block, New Delhi Dated, the 29th July 2016 All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Customs Central Excise, All Chief Commissioners of Customs, All Chief Commissioners of Customs Central Excise, All Directors General, Chief Departmental Representative, All Principal Commissioners of Customs, All Principal Commissioners of Customs Central Excise, All Commissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3.1 Warehouses are facilities set up to avail the benefit of customs duty deferment. Imported goods can be stored in a warehouse without payment of duty, and the applicable duty is required to be paid only at the stage of their clearance from the warehouse. In case of the above-referred units, the need for duty deferment is obviated as the goods procured by them are exempt from duties of customs, under Notification 52/2003-Customs , subject to certain conditions, such as, the manner of usage of the procured inputs and capital goods; their end use including the removal of the said goods; and the requirement to maintain proper accounts of receipt, storage and utilisation of imported goods. 3.2 In this backdrop, it was felt that the app ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al records must incorporate the feature of audit trail which means a secure, computer generated, time-stamped electronic record that allows for reconstruction of the course of events relating to the creation, modification, or deletion of an electronic record and includes actions at the record or system level, such as, attempts to access the system or delete or modify a record. While the data elements contained in the Form A are mandatory, the unit will be free to add or continue with any additional data fields, as per their commercial requirements. All units are required to enter data accurately and immediately upon the goods being received in or removed from the unit. The digital records should be kept updated, accurate, complete and avail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isdictional office shall reconcile the imports with procurement certificates. 7.1. Inter-unit transfer of capital goods and manufactured goods has been provided in para 6.13 of FTP 2015-20 and involves prior intimation. Additionally, at present, a procedure of bond to bond movement is being followed, whenever capital goods, manufactured goods or inputs are supplied by one unit to another. In place of bond to bond movement, the following procedure shall be followed: (i) Any procurement by one unit from another should be supported by a procurement certificate or pre-authenticated procurement certificates, as applicable; (ii) The supply of the goods from one unit to another shall be based upon the usual commercial documents, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny other source of procurement) Details of B-17 Bond / Amount debited Description of goods Invoice No. Procurement Certificate No. and date Unit, Weight and quantity Value Duty assessed Registration No. of means of transport Date and time of receipt 1 2 3 4 5 6 7 8 9 10 11 12 13 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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