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TMI BlogRemoval of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc - Amendment to Notification 52/2003-Cus dated 31.03.2003X X X X Extracts X X X X X X X X Extracts X X X X ..... Please refer to CBEC Circular No 35/2016-Customs dated 29th July 2016 available in Board's website 'www.cbec.gov.in' under Customs head. The salient features of the above circular are brought to the notice of EOUs, STPIs and EHTPs etc for guidance and action. 2. Chapter 6 of the Foreign Trade Policy (FTP) provides for manufacture of goods and supply of services, including repair, re-making, reconditioning, re-engineering by Export Oriented Units (EOUs), Electronics Hardware Technology Park Units (EHTPs), Software Technology Park Units (STPIs) and Bio-Technology Park Units (hereinafter referred to as units ) and undertaking to export their entire production of goods and services, except permissible sales in D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd utilisation of imported goods. 6. In this backdrop, it was felt that the application of warehousing provisions to these units adds to their compliance requirements without adding to either improved monitoring by the dept. or providing any additional facilitation to them. 7. Recognizing the potential role of these units in the Make in India initiative and as a measure of improving the ease of doing business, it has been decided to do away with the need to comply with warehousing provisions by these units. For this purpose, notification 44/2016 - Customs dated 29th July 2016 has been issued (effective from 13th August 2016) amending the principal notification 52/2003-Customs dated 31st March 2003. As a c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing received in or removed from the unit. The digital records should be kept updated, accurate, complete and available at the unit at all times for verification by the proper officer, whenever required. A digital copy of Form A, containing transactions for the month, shall be provided to the proper officer, each month (by the 10th of month) in a CD or Pen drive, as convenient to the unit. 9. The above requirement of maintaining digital records, in the prescribed Form, is applicable from 13th August 2016. Record of imported goods received on or after 13th August 2016 shall be maintained as per the prescribed Form. The information regarding the stock of goods lying with the unit need to be integrated into the digital record ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uld 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, such as, invoice delivery challan; (iii) Upon receipt of goods, copies of documents shall be provided to the jurisdictional office of the sending and receiving unit by way of intimation; 13. All the Trade Associates of the EOUs/ STPIs are requested to bring the contents of this Notice along with Customs Circular 35/2016 dated 29th July 2016 for the procedural changes made in warehousing procedure. U.NIRANJAN COMMISSIONE - Circ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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