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Manufacturing and other operations in a Warehouse Regulations (MOOWR) and waiver of interest - Changes in ICES - Customs - PUBLIC NOTICE No. 41/2020

Extract

..... 0 dated 16.09.2020 on the subject regulations. As per Section 61 of the Customs Act, 1962 no interest is leviable on Ex- Bond Bills of Entry filed for clearing the goods for home consumption from a Section 65 warehouse. In consonance with the same, following changes have been made in the ICES: 1. IEC - Warehousing Mapping: For identifying the Warehouses which have been licensed for manufacturing activity under the MOOWR, an option has been given under the ACB i.e. AC (Bonds) role in IEC-Warehous .....

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Manufacturing and other operations in a Warehouse Regulations (MOOWR) and waiver of interest - Changes in ICES - Customs

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..... rehouse, option has been given under the ACB role menu to re-credit the Warehouse BE ledger by entering the concerned Shipping Bill details through Exports details of WHBE option. 4. The above changes will come into effect from 21.09.2020. 5. All trade association /members of Customs Brokers Association are requested to take note and publicise the contents of this Public Notice among their members / constituents to refer to the new BE message format for filing the Bills of Entry w.e.f. 21.09.202 .....

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Manufacturing and other operations in a Warehouse Regulations (MOOWR) and waiver of interest - Changes in ICES - Customs

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