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TMI BlogAdditional Documents for Warehousing of liquor to safeguard revenue-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... 2023 Public Notice No. - 78/ 2023 Subject:- Additional Documents for Warehousing of liquor to safeguard revenue-reg. The attention of Importers, Customs Brokers, Warehouse licencees, members of the trade and all other stakeholders are invited to the warehoused liquor being stored in the Customs Bonded Warehouse under the provision of warehousing bond executed by the importer. 2. Y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ility by the final owner/ importer on left over liquor covered under MBE. 3. Further, on study of State Excise and VAT law of different states, following transpired: i. That State Government has enacted laws that limit the quantity of liquors which an individual can possess in one's home. To possess quantities beyond the prescribed limit, individual is required to obtain a valid Excise L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ub-section (2)and furnish security as specified under sub-section (3) . 5. From the above, it appears that the intention of the State law is to exercise effective control Over movement of liquor and to pay appropriate excise duty VAT/CST. That for such purchase and subsequent sale of liquor. the person must have State Excise licensee VAT license. 6. The requirement of licence was examine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submitted. iii. The seller importer of warehoused liquor while selling the liquor under bond to bond sale to ensure that buyer importer is in possession of valid state excise VAT license of that state. 7. The guidelines mentioned at para 6 above would not be applicable for importer filing warehouse bill of entry i.e original importer as well as for sale to person having special Bonded w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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