Page 72 - ELT_15th July 2020_Vol 373_Part 2

T20 EXCISE LAW TIMES [ Vol. 373

Declaration :
(i) I/We hereby declare that the Exporter mentioned above has authorized
us for booking the shipment under the Courier Airway bill and act as an
agent for clearance and export of the goods described above.
(ii) I/We hereby declare that on the basis of declaration of the exporter, I/We
abide by the declaration in CSB-V, above.

Signature of the Authorized person Let Export Officer of Customs
of the Authorized Courier (Stamp with Name and Designation)”.
with stamp of Authorized Courier

[Principal Commissioner of Customs, Airport and ACC, Bengaluru, Public
Notice No. 26/2020, dated 11-5-2020]

Manufacture and Other Operations in Customs Warehouse
— FAQ

Central Board of Indirect Taxes and Customs (C.B.I. & C.) has launched a
revamped and streamlined program to attract investments into India and
strengthen Make in India. This program is based upon Section 65 of the Customs
Act, 1962, which enables conduct of manufacture and other operations in a
Customs bonded warehouse. The program has been introduced vide the
Manufacture and Other Operations in Warehouse (No. 2) Regulations, 2019,
(hereinafter referred to as MOOWR, 2019) and explained through Circular No.
34/2019-Customs, dated 1st October, 2019.
Under this program a unit can import goods (both inputs and capital
goods) under customs duty deferment with no interest liability. There is no
investment threshold or export obligation. The duties are fully remitted if the
goods resulting from such operations are exported. Import duty is payable only
if the resulting goods or imported goods are cleared in the domestic market (ex-
bonding). The salient features of the program are :
(i) No geographical limitation on where such units can be set up.
(ii) A single application cum approval form for uniformity of practice
with a single point of approval to set up the operations of such
units.
(iii) Improved liquidity with deferment of import duty and no interest
liability.
(iv) Allows procurement of GST compliant goods from the domestic
market for use in manufacture and other operations in a Section 65
unit.
(v) A single digital account for ease of doing business and easy
compliance.
(vi) Enables efficient capacity utilization, as there is no limit on
quantum of clearances that can be exported or cleared to the
domestic market.
C.B.I. & C. has gathered certain queries through trade consultations
which have been consolidated and answered below :
EXCISE LAW TIMES  15th July 2020  72