Maintenance of records in relation to warehoused goods in electronic form, filing of Returns and acknowledgement of receipt of goods

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..... has amended the Chapter IX of the Customs Act 1962 (Sections 57 to 73A), in order to liberalise the warehouse procedure and to promote ease of doing business. 2. In this regard, the Board has issued Circular No. 25/2016- Customs dated 08.06.2016 on the above subject, which may be accessed URL http://www.cbec.gov.in/Customs/Circular. The procedure prescribed in this regard is as detailed below. 3. Maintenance of records in relation to warehoused goods in digital form only: (a) Every licensee shall maintain records of receipt, handling, storing and removal of the warehoused goods in the Form A appended to this public notice. While the information contained in the Form is mandatory, the licensee will .....

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..... in a particular month, the licensee shall furnish such information to the bond officer on or before the 10th day of the month immediately preceding the month of such expiry. (b) The monthly return to be filed by the assesse as per para 4 (a) (i) shall be filed in Form- A appended to this public notice. (c) The monthly return to be filed by the assesse as per para 4(a) (ii) shall be filed in Form- B appended to this public notice. (d) The aforesaid returns shall be filed with the Bond officer as paper copies. 5. Acknowledgement of the receipt of goods: Upon receipt of the goods in a warehouse, the licensee shall, send an acknowledgement of such receipt,- (i) in case goods .....

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..... cilities such as computer, photocopier, scanner and printer in the warehouse. (b) The prescribed returns and acknowledgements etc shall be delivered through speed post or express courier or in person as is convenient to the licensee. 8. The above requirements of maintaining digital records shall be applicable from 14th May 2016. Thus the record of any goods received on or after 14th May 2016 shall be maintained as per the prescribed forms. There would however be no requirement of converting the manual records maintained upto 13.05.2016 to digital form and the records of the goods lying deposited in the warehouse till the 13th of May 2016 may continue to be maintained in the manner prescribed earlier. .....

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