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Manufacturing and other operations undertaken in bonded warehouses under Section 65 of the Customs Act, 1962 - Customs - 48/2020

Extract

..... Section 65 of the Customs Act, 1962 provides that the owner of any warehoused goods may carry on any manufacturing process or other operations in the warehouse in relation to such goods, with the permission of the Principal Commissioner of Customs or Commissioner of Customs and subject to such conditions as may be prescribed. Manufacture and Other Operations in Warehouse (no.2) Regulations 2019, were issued vide Notification No.69/2019-Customs (N.T.) dated 01.10.2019, hereinafter referred to as, "MOOWR, 2019" prescribing the procedure, documentation and compliances to be followed under Section 65 of the Customs Act, 1962. 2. Board has from time to time received suggestions and requests from members of the trade and industry on the .....

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Manufacturing and other operations undertaken in bonded warehouses under Section 65 of the Customs Act, 1962 - Customs

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..... itions: (i) The goods upon import should be first deposited in the Section 65 premises and duly accounted for before the same is sent for job work. (ii) It should be possible to establish the identity/ correlate the goods after job work with those sent for job work. (iii) On completion of the job work, the goods can be brought back to the Section 65 unit or exported/ cleared to DTA from the job worker's premises. In case the goods are exported/ cleared to DTA from the job worker's premises, the procedure as per Regulations 14 and 15 of MOOWR 2019, as applicable shall be followed and the date of removal from job workers premise shall be deemed to be the date of removal from the warehouse. (iv) Scrap, waste or remnants generated durin .....

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Manufacturing and other operations undertaken in bonded warehouses under Section 65 of the Customs Act, 1962 - Customs

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..... umption on the date of clearance of the goods for job work. The applicable duties, interest and penalties shall be reckoned accordingly. (ii) Job work for others by a Section 65 unit: Trade has sought clarity on whether the Section 65 unit can itself carry out job work for other units and the procedure to be followed for the same. Clarification: The issue has been examined with a view to enhance capacity utilization and acknowledging the realities of manufacturing environment where various units support each other in producing the final product. It is clarified that a Section 65 unit being a GST registered unit, can perform job work operations and shall maintain due accounting of such job work as per the provisions of GST law. In case any i .....

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Manufacturing and other operations undertaken in bonded warehouses under Section 65 of the Customs Act, 1962 - Customs

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