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Additional Documents for Warehousing of liquor to safeguard revenue-reg. - Customs - PUBLIC NOTICE No. 29/2023Extract ..... vited to the warehoused liquor being stored in the Customs Bonded Warehouse under the provision of warehousing bond executed by the importer. 2. You are aware that the importer who files Warehouse Bills of Entry are required to execute triple duty bond in accordance with the provisions of Section 59 of the Customs Act,1962, as amended. The importer, who has warehoused liquor, is clearing the goods either for home consumption by filing ex-bond bills of entry or through bond to bond transfer sale ..... x x x x x Extracts x x x x x Additional Documents for Warehousing of liquor to safeguard revenue-reg. - Customs x x x x x Extracts x x x x x ..... ding removing liquor from warehouse for home consumption by ex-bond bill of entry or transferring the ownership of the liquor through bond to sale, are liable to pay VAT or CST, as applicable. Hence, the person should have valid CST and VAT License. 4. Section 59(5) off the Customs Act, 1962, as amended, deals with the transfer of warehouse goods form one person to another i.e Bond to Bond sale. The said provisions are reproduced below:- Where the whole of the goods or any thereof are transferre ..... x x x x x Extracts x x x x x Additional Documents for Warehousing of liquor to safeguard revenue-reg. - Customs x x x x x Extracts x x x x x ..... T license can execute triple duty bond for warehousing of liquor in customs bonded warehouse of that in which one is having state excise VAT license. ii. At the time of submission of triple duty bond in the bond section, self attested copy of such licenses is also to be 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 ..... x x x x x Extracts x x x x x Additional Documents for Warehousing of liquor to safeguard revenue-reg. - Customs x x x x x Extracts x x x x x
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