CBIC Releases Detailed Circular on Manufacturing under Bond (Sec.65) of CA, 1962 following Release of Revised Regulation on 1 Oct 2019 – Circular No. 34/2019-Customs dated 1 October 2019

Highlights

1.    

MOOWR 2019 to Operate Independent of Other Warehouse Regulations issued in 2018

Para 4

2.    

Annexure ‘A’ Form for MOOWR 2019 Prescribed

Para 5

3.    

Annexure ‘C’ of Sec. 59 is to be used for Triple Duty Bond (Also available as annexure to Circular 34/2019 dtd 1 Oct 2019)

Para 6

4.    

GST Invoice is required with Shipping Bill for Exports

Para 7

5.    

Movements into DTA is Classified as “Supply” under CGST Act, 2017 and GST will be applicable

Para 8

6.    

Customs Duty has to be paid on the Inputs under Ex-bond Bill of Entry and accounted in Annexure ‘B’ for MOOWR 2019 along with Input Output Norms

Para 8

7.    

Waste is cleared for home consumption on payment of customs duty and GST

Para 9

8.    

Customs Duty is Deposited Manually through Challan

Para 10

9.    

Capital Goods can be imported Duty Free under Sec. 65 while those from DTA must pay GST

Para 11

10. 

Declaration to be in Annexure ‘B’ of MOOWR 2019

Para 11

11. 

Sec. 65 also functions as Warehouse for Trading, Goods in Original Form can be cleared into DTA, Monthly Return in Form ‘B’ under Ntfn 25/2016-Cus dated 8 June 2016

Para 12

12. 

Warehouse Building Structure need not be closed, only access control is required. A part of factory can be warehouse under Sec. 65

Para 13

13. 

Exempted goods or Nil rated goods from DTA can be brought into the Sec. 65 Warehouse. These goods will not be considered as “warehouse goods” under Sec. 60 of the CA 1962

Para 14

14. 

Permission of the proper office is required for removal from Sec. 65 warehouse under sections 67 to 69 of CA 1962. However, prior permission is not necessary under Section 143AA. Post facto approval can be given.

Para 15

15. 

Self-Sealing for Export can be used under Circular 26/2017 dated 01.07.2017

Para 15.1

16. 

A Micro web site is available to help Sec.65 manufacturing in the InvestIndia.gov.in website.

Para 16

17. 

Application  for Licence is Provided to the Circular under Annexure ‘A’

 

[CBIC Circular No. 34 dated 1st October 2019]

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

Please refer to the Manufacture and Other Operations in Warehouse Regulations 2019, issued vide Notification No. 44/2019-Customs (N.T) dated 19th June, 2019 and Circular 38/2018-Customs dated 18.10.2018 issued to streamline the procedure, documentation and compliances to be followed under Section 65 of the Customs Act, 1962 (hereinafter referred to as the “Act”).

2. Representations have been received from the trade including potential investors seeking clarifications on some issues. With a view to provide clarity and predictability and to facilitate investments, Board has decided to issue a revised circular along with the Manufacture and Other Operations in Warehouse Regulations 2019 (no. 2 regulations), issued vide Notification No.69/2019-Customs (N.T.) dated 01.10.2019, hereinafter referred to as, “MOOWR, 2019”. Circular 38/2018-Customs stands consolidated and integrated into this Circular.

2. MOOWR, 2019 and this circular covers the procedures and documentation for units operating under Section 65 in a comprehensive manner, including application for seeking permission under section 65, provision of execution of the bond by the licensee, receipt, storage and removal of goods, maintenance of accounts, conduct of audit etc.

3. Consequently, the Warehouse (Custody and Handling of Goods) Regulations, 2016, and the Warehoused Goods (Removal) Regulations, 2016, which were hitherto governing the procedure for custody and handling of goods in and removal of goods from public and private bonded warehouses, have been amended vide Notification 70/2019-Customs (N.T.) and 71/2019-Customs (N.T.) both dated 01.10.2019 to exclude their application for warehouses operating under section 65. The said regulations will continue to be applicable for warehouses, not operating under Section 65.

4. It is to be noted that an applicant desirous of manufacturing or carrying out other operations in a bonded warehouse under section 65 read with MOOWR, 2019 must also have the premises licensed as a private bonded warehouse under section 58 of the Customs Act. The applicants can seek a license under section 58 and permission to operate under section 65 synchronously, or request for permission under section 65, if they already have a warehouse licensed under section 58.

5. For the sake of uniformity, ease of doing business and exercising due diligence in grant of permission under section 65, the form of application to be filed by an applicant before the jurisdictional Principal Commissioner / Commissioner of Customs is prescribed as in Annexure A. The form of application has been so designed that the process for seeking grant of license as a private bonded warehouse as well as permission to carry out manufacturing or other operations stands integrated into a single form. The declaration to be made to satisfy regulation 5 of Private Warehouse Licensing regulations 2016 and the undertaking to be made by the applicant as per regulation 4 of MOOWR 2019 is included in the application format (Part II). The warehouse in which section 65 permission is granted shall also be declared by the Licensee as the principal/additional place of business for the purposes of GST.

6. It has also been decided that the licensees manufacturing or carrying out other operations in a bonded warehouse shall be required to maintain records as per the form prescribed under this circular (Annexure B). Regulation 4 of the MOOWR, 2019, provides that the applicant under section 65 shall undertake to execute a bond in such format as specified. Further, Section 59 of the Customs Act requires the owner of the warehoused goods to execute a triple duty bond for the warehoused goods. Thus, the bond prescribed under this Circular as per Annexure C serves the requirements of both MOOWR, 2019 and Section 59 of the Customs Act.

7. To the extent that the resultant product manufactured or worked upon in a bonded warehouse is exported, the licensee shall have to file a shipping bill and pay any amounts due. A GST invoice shall also be issued for such removal. In such a case, no duty is required to be paid in respect of the imported goods contained in the resultant product as per the provisions of section 69 of the Act.

8. To the extent that the resultant product (whether emerging out of manufacturing or other operations in the warehouse) is cleared for domestic consumption, such a transaction squarely falls within the ambit of “supply” under Section 7 of the Central Goods and Service Tax Act, 2017 (hereinafter referred to as the, “CGST Act”). It would therefore be taxable in terms of section 9 of the CGST Act, 2017 or section 5 of the Integrated Goods and Services Tax Act, 2017 depending upon the supply being intra-state or inter-state. The resultant product will thus be supplied from the warehouse to the domestic tariff area under the cover of GST invoice on the payment of appropriate GST and compensation cess, if any. As regards import duties payable on the imported goods contained in so much of the resultant products are concerned, same shall be paid at the time of supply of the resultant product from the warehouse for which the licensee shall have to file an ex-bond Bill of entry and such transactions shall be duly reflected in the accounts prescribed under Annexure B. As per MOOWR, 2019, the applicant shall also inform the input-output norms, wherever considered necessary, for raw materials and final products and shall also inform the revised input-output norms in case of change therein.

9. The waste generated during the course of manufacture of the resultant product may be cleared for home consumption as per clause (b) to sub-section (2) of section 65 of the Customs Act on payment of applicable duties of customs and GST.

10. In cases where the resultant product is exported, and duty on the waste or refuse is paid as per proviso to clause (a) to sub-section (2) of section 65, the same shall be deposited manually through a Challan. The records maintained as per Annexure-B would be sufficient for accountal of such goods.

11. It may be noted that units operating under section 65 read with section 58 of the Customs Act, are entitled to import capital goods, machinery, inputs etc. by following the provisions under Chapter IX. In so far as domestic procurement is concerned, applicable rates of taxes shall be payable and exemptions, if any, can also be availed. By virtue of simply being a unit operating under section 65, they shall not be entitled to procure goods domestically, without payment of taxes. The records in respect of such domestically procured goods shall be indicated in the form for accounts (Annexure B).

12. Since the warehouse operating under section 65 also functions as a warehouse licensed under section 58, the licensees can also import goods and clear them as such, for home consumption under section 68 on payment of import duties, along with interest as per subsection (2) of section 61 of the Act or clear them as such for export under section 69 of the Act. The licensees shall also be required to submit monthly returns in “Form B” as prescribed under Circular No. 25/2016-Cus dated 8th June 2016 in case the warehouse is used for such purposes i.e. non-section 65 purposes. This is being allowed to enable optimum utilization of available infrastructure.

13. As per Regulation 3 (2) (e) (i) of the Private Warehouse Licensing Regulations, 2016, the Principal Commissioner or Commissioner has to be satisfied that the site or building of the proposed private warehouse is suitable for secure storage of dutiable goods. Regulation 8 of MOOWR 2019 requires the licensee to provide such facilities, equipment and personnel as are sufficient to control access to the warehouse, provide secure storage of the goods and ensure compliance to the regulations. Thus, the regulations do not mandate that a structure fully closed from all sides is a pre-requisite for grant of license. What is important is that the site or building is suitable for secure storage of goods and discharge of compliances, such as proper boundary walls, gate(s) with access control and personnel to safeguard the premises. Moreover, depending on the nature of goods used, the operations conducted and the industry, some units may operate without fully closed structures. Therefore, Principal Commissioner/Commissioners should take into consideration the facilities, equipment and personnel put in place for secure storage of goods, while considering grant of license.

14. The issue of procurement of imported goods that are exempt from duty or are chargeable to nil rate of duty into a warehouse operating under section 65 has also been raised. The objective of section 65 is to enable manufacture and other operations in customs bonded warehouses. For this purpose, the units should be able to procure required raw materials, consumables, capital goods etc., imported or procured from domestic market. The goods may include dutiable goods, exempt goods or those chargeable to nil rate of duty. Denial of the facility to exempt goods or those chargeable to nil rate of duty, which may be required for manufacturing, would defeat the objective of Section 65. It is therefore clarified that imported goods, that are exempt from duty or are chargeable to nil rate of duty, may be brought into the warehouse, upon filing a bill of entry for home consumption and clearance, at the customs station of import. Such goods shall not be considered as warehoused goods in terms of section 60 of the Act.

15. Sections 67, 68 and 69 of the Act provides for permission of the proper officer for removal of the goods from one warehouse to another, for home consumption and for export, respectively. Even in cases, the resultant goods are being removed, permission of the proper officer would be required for removal of the (imported) warehoused goods contained in the resultant goods.

15.1 Given the continuous nature of operations in warehouses under section 65, and the potential need to clear resultant goods expeditiously, the requirement to obtain prior permission of the proper officer for each clearance could pose a challenge to making clearances on time to meet delivery schedules. Therefore to facilitate such timely clearances and for convenience of the trade, recourse has been taken to the powers vested under Section 143 AA, and it is provided under regulation 13, 14 and 15 of MOOWR 2019 that while a licensee shall file the due documentation (such as the Form for transfer of goods from a warehouse, bill of entry and shipping bill, respectively) and pay the duties due, prior permission of the proper officer is not an essential condition for removal of the warehoused goods (as part of the resultant goods). The licensees who wish to avail self-sealing facility for exports can avail the facility made available under circular 26/2017 customs dated 01.07.2017 and its linked circulars.

16. Board has partnered with Invest India under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India to launch a microsite for the promotion of the scheme and facilitation of investors. The same can be accessed at https://www.investindia.gov.in/bonded-manufacturing. The microsite also hosts a digitized application that an applicant can fill online, upload the supporting documents, submit online and also print the application form.

17. Clarification required, if any, may be sought from the Board.

Annexure- A

Application for License for a private bonded warehouse under section 58 and permission for manufacturing and other operations under section 65 of the Customs Act 1962.

Part I

(to be filled by the applicant)

1. Name of the Applicant:

2. PAN No:

3. GSTIN:

4. IEC:

5. Constitution of business (Tick as applicable and attach copy)

(i) Proprietorship

(ii) Partnership

(iii) Limited Liability Partnership

(iv) Registered Public Limited Company

(v) Registered Private Limited Company

(vi) Registered Trust

(vii) Society/Cooperative society

(viii) Others (please specify)

Note: Copy of certificate of incorporation along with Memorandum of Objects and Article of Association in case of companies and partnership deed in case of partnership firms should be attached.

6. Registered office:

Address:

Tel:

Fax:

E-mail:

7. Bank Account details:

Name of the Bank:

Branch name:

Account Number:

8. Name, Address & DIN (if applicable):

[of Proprietor/Partners/Directors etc.

(Please attach copies of ID proof)].

9. Name & Designation of the Authorized Signatory:

(Please attach copy of Aadhaar Card as proof of ID).

10. Details of existing manufacturing facilities in India and/or Overseas of the applicant firm and of each of its directors/partners/proprietor, as the case may be (please attach separate sheet if required):

Part II

(to be filled by the applicant)

1. Address of the proposed site or building:

2. Boundaries of the warehouse:

(i) North

(ii) South

(iii)West

(iv) East

3. Details of property holding rights of the applicant (please provide supporting document):

(i) Owner

(ii) Lease/rent

4. Contact details at the site/premises:

(i) Tel:

(ii) Fax

(iii)email

(iv) Website, if any

5. Details of warehouse license issued earlier to the applicant, if any:

(i) Date of issue of licence.

(ii) Commissionerate file No.

(iii) Attach copy of warehouse license.

6. Whether the applicant is a Licensed Customs Broker? If yes, please provide details:

7. Whether the applicant is AEO? If yes, please provide details.

8. Description of Premises (fill details as applicable to the premises):

(Please enclose a ground plan of the site / premises indicating all points of exit/entry/ area of

storage / area of manufacturing / earmarked area of office)

(i) What is floor area?

(ii) Number of stories?

(iii) Total area (or cubic capacity) available for storage?

(iv) Identify and mark area(s), occupied by third parties in the ground plan:

(v) What is the type of construction of walls and roof?

(vi) Which year has the building been built? Has it been recently remodelled? If so, when?

(vii) Identify by location and size all accesses to the site / building to pedestrian and vehicles:

(viii) Identify by location and size all other accesses to the building including doors & windows:

(ix) Please indicate whether the premises have been authorized for commercial use by local Government authorities?

9. Goods proposed to be manufactured or other operations proposed to be carried out (if necessary, additional sheets may be attached).

Details of goods:

Description of goods

Classification as per Customs Tariff

Briefly detail, input- out norms (if applicable) Please attach any supporting publication/ document, if available.

proposed to be imported

 

 

 

proposed to be domestically procured

 

 

 

intermediate product

 

 

 

final product

 

 

 

details of waste & scrap

 

 

 

In case of any change in the nature of operations subsequent to the grant of permission, the same shall be informed to the Jurisdictional Commissioner of Customs within 15 days.

10. SECURITY FACILITIES AT THE PREMISES, EXISTING OR PROPOSED:

(i) Burglar Alarm System:

(ii) CCTV Facility:

a. Is there a CCTV monitoring system installed to cover the surrounding area of the site and storage area?

b. Please indicate the no. of cameras installed:

c. No. of hours/days of recording accessible at any point of time:

(iii) Security Personnel:

a. Details of arrangements for round the clock security provided for the warehouse:

b. Name & details of firm contracted for security services:

c. No. of personnel to be deployed on each shift for round the clock security:

(iv) Fire Security:

(Please enclose a fire safety audit certificate issued by a qualified independent agency)

11. DECLARATION:

I/ We declare that:

1. I/We are a registered or incorporated entity in India.

2. I / We have not been declared insolvent or bankrupt by a court or tribunal.

3. I/We have not been convicted for an offence under any law.

4. I/We have neither been penalized or convicted nor are being prosecuted for an offence under the Customs Act, 1962 or Central Excise Act, 1944 or Finance Act, 1994 or Central Goods and Services Tax Act,2017 or Integrated Goods and Services Tax Act,2017 or Goods and Services Tax (Compensation to States) Act,2017.

5. There is no bankruptcy or criminal proceedings pending against me / us.

6. I/We hereby declare that the information given in this application form is true, correct and complete in every respect and that I am authorized to sign on behalf of the Licensee. I further undertake that if any particulars declared by me/us are proved to be false, the license granted to me/us shall be liable to be cancelled and I/we shall be liable for action under Customs Act, 1962.

12. UNDERTAKING.

I/We undertake to:

(i) maintain accounts of receipt and removal of goods in digital form in such format as many be specified and furnish the same to the bond officer on monthly basis digitally.

(ii) execute a bond in such format as may be specified.

(iii) inform the input-output norms, wherever considered necessary for raw materials and the final products and to inform the revised input-output norms in case of change therein.

(iv) comply with such terms & conditions as may be specified by the Principal Commissioner of Customs or the Commissioner of Customs.

(Signature of the applicant/authorized signatory)

Stamp

Date:

Place:

Part III

(For Use by Customs Only)

1. Verification of the applicant:

[verification to be done of the Declaration made by applicant as per serial no.11 of Part - II of the application. Verification to be done by DRI / DGGI. Grant of license may NOT be held up pending verification.]

2. Date of visit to the premises by the bond officer:

3. Findings of the bond officer with respect to security, fire protection, IT enabled inventory management system, type of construction, area available for examination of goods, if required etc.

4. Is the Premises recommended for issue of license as a warehouse along with permission for manufacture or other operations?

Signature:

Name:

Designation:

Date:

Part IV

(For use by Customs Only)

1. Upon the satisfaction of the Commissioner that the licence may be granted, the following shall be obtained from the applicant (Please refer Regulation 4 of Private Warehouse Licensing Regulations, 2016):

(i) Insurance Policy.

(ii) Undertaking under section 73A.

(iii) Indemnity undertaking.

(iv) Bond as per Annexure C to this Circular.

(v) Details of Warehouse keeper appointed by the Licensee:

(a) Name

(b) Address (residential)

(c) Tele: (office)

(d) Tele: (mobile)

(e) E-mail id:

(vi) Confirmation that digital signature has been obtained by the warehouse keeper (as per

guidance available on ICEGATE website).

2. Licence No. and date of issue:

3. Warehouse Registration Code on ICEGATE (refer Circular 19/2016 dated 20th May 2016):

Signature:

Name:

Designation:

Date:

Part V

(For use by Customs only)

(Details of commencement of manufacture or other operations in the Warehouse)

1. Date of verification visit to certify commencement of manufacture or other operations in the Warehouse:

2. Name of the officials who visited the premises:

3. VERIFICATION REPORT:

(i) I have verified that the unit has commenced manufacture or other operations.

(ii) I have verified that records are being maintained by the licensee as prescribed under Annexure B of Circular 34/2019-Customs dated 01.10.2019.

Signature:

Name:

Designation:

Date:

Annexure-B

Form to be maintained by a unit operating under section 65 of the Customs Act for the receipt, processing and removal of goods.

Name and address of the Unit:

IEC:

GSTIN:

Commissionerate:

RECEIPTS (IMPORTS)

1. Bill of Entry No. and date

2. Customs Station of import

3. Details of Bond

4. Details of insurance

5. Description of goods

6. Invoice No. and date

7. Quantity with UQC

8. Assessable Value

Duty Assessed

9. BCD

10. IGST

11. Comp. cess

12. Registration No. of means of transport

13. Onetime–Lock no.

14. Date and time of receipt at the warehouse

RECEIPTS (DTA)

15. GST Invoice No. and date

16. Description of goods

17. Quantity with UQC

18. Value

Tax paid

19. GST

20. Comp. Cess

21. E-way bill number (if applicable)

22. Date and time of receipt at the warehouse

PROCESSING

Goods issued for manufacturing or other operations

23. Date of issue

24. Description of goods

25. Quantity with UQC

26. Value

Removal for job-work

27. Date and time of removal

28. Description of goods

29. Quantity with UQC

30. Value

31. Delivery Challan No.

Details of Job worker

32. Name & address

33. GSTIN (if applicable)

Returns to unit after job – work

34. Date and time of return

35. Description of goods

36. Quantity with UQC

37. value

38. Delivery Challan No.

RESULTANT PRODUCTS (CLEARANCE FOR EXPORT)

Resultant products exported

39. Date and time of removal

40. Shipping Bill No. and date

41. GST Invoice No. and date

42. Description of goods

43. Quantity with UQC

44. Assessable Value

45. Export duty

Tax paid (if applicable)

46. IGST

47. Comp. cess

Quantity of warehoused goods contained in so much of the resultant products exported

48. Description of goods

49. Quantity with UQC

50. Assessable Value

Duty involved

51. BCD

52. IGST

53. Comp. cess

RESULTANT PRODUCTS (CLEARANCE FOR HOME CONSUMPTION)

Resultant products cleared for home consumption

54. Date and time of removal

55. GST Invoice No. and date

56. Description of goods

57. Quantity with UQC

58. Value

Tax paid

59. IGST

60. Comp. cess

Warehoused goods contained in so much of the resultant products cleared for home consumption

61. Bill of Entry No. and date

62. Description of goods

63. Quantity with UQC

64. Assessable Value

Duty paid

65. BCD

66. IGST

67. Comp. cess

IMPORTED GOODS CLEARED AS SUCH

Imported goods cleared as such for home consumption

68. Bill of entry No. and date

69. Description of goods

70. Quantity with UQC

71. Assessable value

Duty paid

72. BCD

73. IGST

74. Comp. cess

Imported goods exported as such

75. Shipping Bill No. and date

76. Description of goods

77. Quantity with UQC

78. Assessable Value

Duty involved

79. BCD

80. IGST

81. Comp. cess

TREATMENT OF WASTE OR REFUSE ARISING OUT OF MANUFACTURE OR OTHER OPERATIONS WHERE THE RESULTANT PRODUCT IS EXPORTED

Quantity of waste or refuse destroyed

82. Description of goods

83. Quantity with UQC

84. Assessable value

Duty involved

85. BCD

86. IGST

87. Comp. cess

Duty paid on waste or refuse

88. Description of goods

89. Quantity with UQC

90. value

Details of Duty paid

91. Challan no.

92. BCD

93. IGST

94. Comp. cess

Duty to be remitted on the quantity of warehoused goods contained in so much of the waste or refuse (destroyed or cleared as such)

95. Description of goods

96. Quantity with UQC

97. Assessable value

Duty involved

98. BCD

99. IGST

100. Comp. cess

TREATMENT OF WASTE OR REFUSE ARISING OUT OF MANUFACTURE OR OTHER OPERATIONS WHEN THE RESULTANT PRODUCT IS CLEARED FOR HOME CONSUMPTION

Duty paid on warehoused goods contained in so much of the waste or refuse

101. Bill of Entry No. and date

102. Description of goods

103. Quantity with UQC

104. Assessable Value

Duty paid

105. BCD

106. IGST

107. Comp. cess

108. REMARKS (if any)

Annexure-C

General Bond

(To be executed under Section 59 of the Customs Act, 1962 and MOOWR 2019 by a unit operating under section 65 of the Customs Act1962)

KNOW ALL MEN BY THESE PRESENTS THAT we M/s _____________ having our office located at ____________and holding Import –Export Code No. ____________, hereinafter referred to as the “importer”, (which expression shall include our successors, heirs, executors, administrators and legal representatives) hereby jointly and severally bind ourselves to the President of India hereinafter referred to as the “President” (which expression shall include his successors and assigns) in the sum of Rs. _________ (please fill amount in words) to be paid to the President, for which payment well and truly to be made, we bind ourselves, our successors, heirs, executors, administrators and legal representatives firmly by these presents.

Sealed with our seal(s) this _____ day of ______ 20 _____.

WHEREAS the Principal Commissioner or Commissioner of Customs, has decided to grant license to operate a warehouse under Section 58 of the Customs Act;

AND WHEREAS the Principal Commissioner or Commissioner of Customs, has decided to permit carrying out manufacture and other operations in the warehouse under Section 65 of the Customs Act;

AND WHEREAS the Assistant/ Deputy Commissioner of Customs has given permission to enter into a General Bond for the purpose of sub-section (2) of Section 59 of the Customs Act, in respect of warehousing of goods to be imported by us during the period from _______to ______ (both days inclusive).

NOW THE CONDITIONS of the above written bond is such that, if we:

(1) comply with all the provisions of the Customs Act, 1962, Central Goods and Services Tax Act, 2017 or Integrated Goods and Services Tax Act, 2017 or Goods and Services Tax (Compensation to States) Act, 2017 and the rules and regulations made thereunder in respect of such goods;

(2) pay in the event of our failure to discharge our obligation, the full amount of duty chargeable on account of such goods together with their interest, fine and penalties payable under section 72 of the Customs Act, 1962 in respect of such goods;

(3) pay all penalties and fines incurred for contravention of the provisions of the Customs Act, 1962, Central Goods and Services Tax Act, 2017 or Integrated Goods and Services Tax Act, 2017 or Goods and Services Tax (Compensation to States) Act, 2017 and the rules or regulations made thereunder, in respect of such goods;

Then the above written bond shall be void and of no effect; otherwise the same shall remain in full force and virtue.

IT IS HEREBY AGREED AND DECLARED that:

(1) the Bond shall continue in full force notwithstanding the transfer of goods to any other premises for job work;

(2) the President through the Deputy/Assistant Commissioner of Customs or any other officer may recover any amount due under this Bond in the manner laid down under sub-section (1) of section 142 of Customs Act, 1962, without prejudice to any other mode of recovery.

IN THE WITNESS WHEREOF, the importer has herein, set and subscribed his hands and seals the day, month and year first above written.

SIGNED AND DELIVERED by or on behalf of the importer at __________ (place) in the presence of:

(Signature(s) of the importer/authorised signatory)

Witness:

Name and Signature:          Address:       Occupation:

1.

2.

Accepted by me this ____ day of ___ 20 _____, for and on behalf of the President of India.

(Assistant/Deputy Commissioner)

Signature and date:

Name:

Schedule to the General Bond to be executed by the importer under sub-section (2) of Section 59 of the Customs Act, 1962 for the purpose of warehousing of goods to be imported by them.

Bill (Warehousing/ Home consumption/ Export) No. and date

Duty assessed on the goods

Bond value to be debited or credited (Thrice the amount of duty)

Debit

Credit

Balance of bond value

Remarks

Signature of the officer along with full name and designation

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)