TMI BlogProcedure of import or export or procurement from or supply to Domestic Tariff Area of ship by a Unit in International Financial Services CentreX X X X Extracts X X X X X X X X Extracts X X X X ..... tre shall file Bill of Entry for home consumption in quintuplicate giving therein, description with specially stamped endorsement as International Financial Services Centre Cargo along with invoice and packing list through online system with the Authorised Officer who shall register and assign a running annual serial number and assess the Bill of Entry, on the basis of transaction value, which shall not require any counter signature of the Specified Officer; (b) while filing the bill of Entry, the entity shall indicate the port of discharge as the respective customs port, where ship is expected to be received first time by the Unit: Provided that where the Bill of Entry is not assessed on the date of filing itself, the goods shall b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ional Financial Services Centre by the Unit and completion of the customs procedure for out of charge of the goods; (f) the Unit shall be responsible for ensuring that ship imported is under the custody of such person approved under section 45 of the Customs Act,1962 (52 of 1962), for the respective customs port till the customs discharge of such goods. (2) In case ofprocurement of ship from a Domestic Tariff Area by the Unit, the unitshall follow the procedure as given below, namely: - (a) lessors setup as an Unit in the International Financial Services Centremay procure ship on purchase or on a lease basis; (b) for procurement, all documents including Tax Invoice and any other documents prescribed under the Goods and Services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e for ensuring that ship procured is under the custody of such person approved under section 45 of the Customs Act,1962 (52 of 1962), for the respective customs port till the customs discharge of such ship. (3) In case of supply of ship on lease or outright basis by the Unit into the Domestic Tariff Area. The Unitshall follow the procedure given below, namely: - (a) lessors setup as an Unit located in Special Economic Zone may supply the ship on lease or outright basis into Domestic Tariff Area; (b) all Bill of Entry for the Domestic Tariff Area sale and other such documents, as the case may be, prescribed under the Act or the rules made thereunder shall be submitted through online system by the Unit set up in the International Fin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e the customs officials at the respective customs port to allow the physical removal of ship into India; (i) after the removal of ship into the Domestic Tariff Area, the customs officer at the customs port shall intimate the same to the Authorised Officer concerned through email or any other mode authorised under these rules. (4) In case of export of ship on lease or outright basis by the unit, the unit shall follow the procedure as given below, namely:- (a) lessors setup as an Unit in the International Financial Services Centre located in Special Economic Zone may export the ship on lease or outright basis; (b) the Shipping Bills and other such documents, as the case may be, prescribed under the Act or the rules made thereunder ..... X X X X Extracts X X X X X X X X Extracts X X X X
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