CBIC issues Circular on Electronic sealing – Deposit in and removal of goods from Customs Bonded Warehouses

Oct 24, 2018 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on October 23, 2018 has issued clarification on Electronic SealingDeposit in and removal of goods from Customs bonded Warehouses.

Circular 19/2018-Customs dated June 18, 2018 was issued by CBIC to introduce electronic sealing for deposit in and removal of goods from Customs bonded Warehouses. In this connection, requests were received from the trade, that for warehouse to warehouse transfer, the owner of the goods should be allowed to procure a Radio Frequency Identification (RFID) seal from the destination warehouse instead of originating warehouse.  

As per para 4.5(d) of Circular 19/2018-Customs, any importer permitted to remove goods for deposit in a warehouse shall obtain a RFID seal from the warehouse, where the goods are to be deposited. Thus, the RFID seals are to be procured from the destination warehouse. Allowing the owner of the goods to procure a RFID seal from the destination warehouse also obviate the need for development of any universal application by all vendors or the need for procuring multiple readers by warehouse owners. Therefore, even in case of warehouse to warehouse transfer, it is clarified that the RFID seals shall be procured from the destination warehouse.

For ease of reference of the trade and officers, Circular 19/2018-Customs dated June 18, 2018 (as updated vide this circular) has been placed alongside this circular.

Circular 19/2018-Customs dated June 18, 2018 as updated vide this circular will be effective from November 01, 2018.

[Circular No. 39/2018-Customs]

 

URL: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2018/Circular-19-2018-Customs.pdf;jsessionid=AA476B56526FF56E4F4BD2D6713C310C


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