9911796707
TMI BlogProcedure regarding Duty Free ShopsX X X X Extracts X X X X X X X X Extracts X X X X ..... tions, 2016, prescribe maintenance of a computerized system for accounting. Accordingly, a system of accounting of receipt, storage, operations and removal of goods with regard to Duty Free Shops is prescribed below: 3. Maintenance of records of warehoused goods only in digital form: (a) Every licensee shall maintain electronic records of receipt, handling, storage and removal of the warehoused goods based upon data elements contained in Form A appended to this circular. While the data elements contained in the Form are mandatory, the licensee will be free to add or continue with any additional data fields, as per their commercial requirements. It would be necessary for the data to be maintained as per systems ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of goods in the warehouse is expiring. (b) The monthly return, as per para 4 (a) (i), containing transactions undertaken during the month, shall be filed by the licensee in Form A appended to this circular. The Return may be filed as a paper copy or in digital form, as preferred by the licensee (digital form means, such as, in a Pen drive or CD). The Return need not include details of sales to individual international passengers. These can be verified by the bond officer or any authorised officer, from the digital records maintained by the licensee. (c) The monthly return to be filed by the licensee as per para 4 (a) (ii) shall be filed in Form B appended to this circular. The Return shall be filed with the Bond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acilities such as computer, photocopier, scanner and printer at the warehouse. 7. Effective Date: The above requirement of maintaining digital records, in the prescribed Forms, is applicable from the 14th of May 2016. Thus, the record of any goods received on or after 14th May 2016 shall be maintained as per the prescribed Forms. However, during the consultations with Duty Free Shop Operators, it was gathered that they are already maintaining records in software based systems but due to the requirement of maintaining the bond register, records are being reduced to manual form to comply with prescribed columns. Now that a system of computerised record keeping has been prescribed, the information regarding the st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m the warehouse to the point of sale (DFS) in the customs area, whereupon, their subsequent sales to passengers arriving into or going abroad from India shall be under the general supervision of the customs officers on duty at the passenger terminals. e. Every duty free shop shall record their sales to passengers by a computer generated invoice, which shall contain the name of the passenger, flight number and passport number. This data shall be stored digitally, in Form C. f. The records of the warehouse shall be updated every 24 hours with the data elements contained in Form C. 9. Security and Solvency Requirements: The Board has dispensed with the requirement of security to be furn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... raft and shall take into record the copy of the manifest, which must duly reflect the quantity of goods loaded for in-flight duty free sales. Further, the licensee must have accounting procedures, in conjunction with the Airlines, to record the in-flight sales with the name of the passenger, passport number and flight number. The data relating to the in-flight sales has to be provided by the Airlines to the in-flight duty free shop operator immediately upon return of the aircraft to India. In turn, the operator shall update the electronic records to co-relate with goods removed from the warehouse. 11. Recovery of costs: Clause (e) of Regulation 3 of the Special Warehouse Regulations 2016 and circular no. 20/201 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
