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Removal of mandatory warehousing requirements for EOUs STPIs EHTPs etc.

Customs - Import - Export - SEZ - By: - R.S. Mangal - Dated:- 13-9-2016 - As a part of Ease of Doing Business policy of Government of India, CBEC issued the Notification No. 44/2016-Cus dated 29.07.2016 and Notification No. 31/2016-CE dated 24.08.2016 so as to amend the Notification No. 52/2003-Cus dated 31.03.2003 and Notification No. 22/2003-CE dated 31.03.2003 thereby to de-license the EOU units as bonded warehouse under the Customs Act, 1962 w.e.f. 13.08.2016. The Customs Circular No. 35/201 .....

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made. As per our understanding of above changes in the EOU Scheme now the EOU units need not to have bonded warehouse license under Section 58 & the permission under Section 65 of the Customs Act, 1962. In effect these units need not to comply with various warehousing provisions. Thus the Warehoused Goods (Removal) Regulations, 2016, The Warehouse (Custody and Handling of Goods) Regulations, 2016 and Public Warehouse Licensing Regulations, 2016 will no longer be applicable to 100% EOU s, STP .....

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ll insurance risk policy to Principal Commissioner 5. No need to obtain warehouse code from jurisdictional Customs officer 6. Bill Entry for Home Consumption will be required at the clearance from Port of Import instead of Bill of Entry for warehousing. The Exemption of duty will be claimed under Notification Number 52/2003-Customs. 7. No re-warehousing is required to be done by these units after 13th August 2016. 8. No permission is required to be obtained for supply of goods from one unit to o .....

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eature of audit trail which means a secure, computer generated, time-stamped electronic record that allows for reconstruction of the course of events relating to the creation, modification, or deletion of an electronic record and includes actions at the record or system level, such as, attempts to access the system or delete or modify a record. While the data elements contained in the Form A are mandatory, the unit will be free to add or continue with any additional data fields, as per their com .....

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