CBIC launches microsite for providing information and promoting the Manufacture and Other Operations in Warehouse (no. 2) Regulations, 2019

Oct 17, 2019 | by Avantis RegTech Legal Research Team


The Central Board of Indirect Taxes and Customs (CBIC) has launched microsite for providing information and promoting the Manufacture and Other Operations in Warehouse (no. 2) Regulations, 2019.

The Manufacture and Other Operations in Warehouse (no. 2) Regulations, 2019 and Circular 34/2019 both dated October 01, 2019 was issued to modernized Manufacture and Other Operations in Warehouse Regulations, 2019 with clear and transparent procedures, simplified compliance requirements ICT-based documentation and account keeping.

The main features of the scheme are as below:

i.            A single application cum approval form prescribed for uniformity of practice. The jurisdictional Commissioner of Customs will function as a single point of approval to set up and oversee the operations of such units.

ii.             The unit can import goods (both inputs and capital goods) under a customs duty deferment program.

iii.                 There will be no interest liability and units will benefit through improved liquidity.

iv.       GST compliant goods can be procured from the domestic market for use in manufacture and other operations in a section 65 unit.

v.            A single digital account has been prescribed for ease of doing business and easy compliance.

vi.            The scheme would also enable efficient capacity utilization, as there is no limit on quantum of clearances that can be exported or cleared to the domestic market.

CBIC has collaborated with Invest India to launch a dedicated microsite for providing information and promoting the scheme and for facilitation of investors. The site can be accessed at https://www.investindia.gov.in/bonded-manufacturing.


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