9911796707
TMI BlogRemoval of mandatory warehousing requirements for EOUs, STPIs, EHTPs etc. - Amendment to Notification 52/2003- Customs dated 31.03.2003X X X X Extracts X X X X X X X X Extracts X X X X ..... ders, Customs Brokers and the member of the Trade is invited to the Board's Circular No. 35/ 2016-Customs dated 29.07.2016 on the above mentioned subject. 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 (ST PIs) 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 DTA. 3. Notification 52/ 2003-Customs dated 31.03.2003, as amended from time to time, exempts specified g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... these units adds to their compliance requirements without adding to either improved monitoring by the dept. or providing any additional facilitation to them. 5. 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 consequence, these units shall stand delicensed as warehouses under Customs Act, 1962, with effect from 13th August, 2016. They shall conti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es 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. 6.1. 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 prescribed under this circular. However, data relating to goods already processed and/ or cleared need not be updated in the digital records. T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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