Diamond Trading Hubs in Customs Bonded Warehouses
[Ref: CBEC Circular No. 11/2013-Cus dated 6 March
2013]
Subject: Setting up of
Public/Private Bonded Warehouses for Gems & Jewellery
Sector
Director
General of Foreign Trade vide notification no. 30 (RE-2012)/2009-2014
dated 31.01.2013 amended FTP 2009-2014 and introduced a new para 4A.16A for setting up of Public /
Private Bonded Warehouses for Gems & Jewellery
Sector. The scheme under para 4A.16A of FTP
2009-2014 provides for setting up Private / Public Bonded Warehouses in SEZ/DTA
for import and re-export of cut and Polished diamonds, cut and polished coloured gemstones, uncut & unset precious &
semi-precious stones, subject to achievement of minimum Value Addition (VA) of
5%.
2. To operationalise the above
scheme, procedure as follows may be followed:
(i) The scheme shall be applicable to jurisdiction
of Commissioners of Customs (a) CSI Airport, Mumbai, (b) Jodhpur (Hq. at Jaipur), (c) Air Cargo Export, Delhi and (d) Airport
& Air Cargo, Chennai. A
Private/Public bonded Warehouse may be set up in SEZ/DTA subject to observance
of Board's existing instructions on setting up such warehouses wherein imported
goods would be kept by the warehouse licence holder.
Physical control over the warehouse in the form of Double Lock System and
posting of Cost Recovery Officer is waived.
(ii) Clearance from the bonded warehouse may be
taken by EOU under authorization from the Deputy/Assistant Commissioner and on
filing ex-bond Bill of Entry.
(iii) Clearance from the bonded warehouse may be
taken by units in SEZ in accordance with the SEZ Act, 2005 and the rules made thereunder.
(iv) The holders of GEM REP Authorizations can take
the goods by following the procedures given under para
4A.4, 4A.4.1 and 4A.4.2 of Handbook of Procedures Volume I. Details in this
regard are to be given to the Deputy/Assistant Commissioner by warehouse licence holder instead of licensing authority.
(v) The warehouse licence
holders shall be responsible for the safe keeping of the goods, for making
physical delivery thereof to the users, as the case may be, against duty
assessed Bills of Entry on which ex-bond clearance has been allowed by the
proper officer, and for rendering to Customs a complete account of goods
received and kept by them in bond. In their capacity as bonders, they will also
maintain the prescribed records, including name, address and other specified
details of the users and quantity of the goods released to the user and
exported by him.
(vi) Separate Bond/Stock Account register in the form, Annexure-I
and Stock Card in the form, Annexure-II is to be maintained by the each
Licensee. The details are to be filled on the date of transaction and the signatures
of the Licensee/ authorised representative be
appended after every transaction.
3. The above said procedures may be brought into effect immediately,
and the trade informed suitably. Proper steps may be taken for smooth
transition from existing scheme to new scheme without dislocating the trade.
4. Wide publicity may please be given to this
Circular by way of issuance of Trade/Public Notice.
F.No. DGEP/G&J/07/2013
ANNEXURE
– I
(Circular No.
11/2013-Customs, dated 06-03-2013)
Proforma of Stock Account
Book to be maintained by the licensee of the private Bonded Warehouse
|
Bond
No. & Date |
Date
of Receipt of goods in Warehouse |
B
/ E & date |
Quantity
of Weight |
Description
of goods |
Value
of the goods |
Rate
of Duty |
Amount
of duty |
Bonder's
dated signature |
Bond
Officer dated signature |
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
Issues
|
Date
of clearance |
Description
of goods |
Quantity
of Weight |
Value
of goods |
Amount
of Duty |
B
/ E No. & date |
S
/ B No. & date |
Receiver's
name & address |
Balance
|
Bonder's
dated signature |
Bond
Officer dated signature |
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
ANNEXURE – II
(Circular No. 11/2013-Customs,
dated 06-03-2013)
Proforma of Stock Card to
be maintained by the licensee for each Stock
1.
Bonder's Name
2.
Date of Warehousing
3.
Bond register & page number
4. Description of goods
|
Bond
No. & date |
Quantity
/ number received |
Quantity
delivered |
B
/ E or S/ B No. & date |
Balance
Quantity/ number |
Bonder's
dated signature |
Bond
Officer dated signature |
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(7)
|