Procedure to be followed in cases of manufacturing or other operations undertaken in bonded warehouses under section 65 on the Customs Act

Dec 31, 2018 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) on December 28, 2018 has decided to allow operations under section 65 to be continued in public bonded warehouses up to January 31, 2019.

Circular 38/2018 was issued by the CBIC to streamline the operations under Section 65 of the Customs Act, 1962, including the process of application, maintenance of records, manner of discharging duty liability of imported goods and resultant products etc. vide the Circular, it was clarified that operations under Section 65 should be undertaken in private bonded warehouses licensed under Section 58 of the Act.

In this connection, to enable a proper examination of the matter without sudden disruption to any activities that were permitted in the past under Section 65, CBIC has decided to allow operations under section 65 to be continued in public bonded warehouses up to January 31, 2019, in respect of such operations and for such operators, who had been permitted such facility by jurisdictional authorities, as on the date of issue of Circular 38/2018-Customs dated October 18, 2018.

[Circular No. 53/2018-Customs]

 

URL: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2018/Circular-53-2018-Customs.pdf;jsessionid=0B60565F835822E011B6E34290A80BBC


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