EOUs under General Scheme Customs Bonding for Storage Goods Relaxed, Secure Premises Sufficient – Amended in Customs Notification

[Customs Notification No. 44 dated 29^th July 2016]

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 52/2003-Customs, dated the 31st March, 2003, published in the Gazette of India, Extraordinary, vide number G.S.R. 274 (E), dated the 31st March, 2003 herein after referred to as the said notification, namely:-

2. In the said notification, in the opening paragraph, -

(i) in condition (2), for the words “in Customs bond and subject to such other condition”, the words “subject to such conditions” shall be substituted;

(ii) in condition (4b), the words “and following the procedure of in-bond movement of goods” shall be omitted;

(iii) condition (5) shall be omitted;

(iv) in condition (6), in clause (xiii), for the words and figures “Baggage Rules, 1998”, the words and figures “Baggage Rules, 2016” shall be substituted;

(v) in condition (11), for the words “shall be installed outside the bonded premises for this purpose”, the words “shall be installed outside the premises of the unit” shall be substituted; and

(vi) in condition (13), in clause (iv) for the words “outside the bonded premises”, the words “outside the premises of the unit” shall be substituted.

3. In the said notification in paragraph 2, in the proviso, for the words “outside the bonded premises”, the words “outside the premises of the unit” shall be substituted.

4. In the said notification in paragraph 4, the words “or to debond”, “or debonding”, “debonding or” and “, as the case may be” wherever they occur shall be omitted.

5. In the said notification, in paragraph 6, for clause (vii), the following clause shall be substituted, namely:-

“(vii) the unit shall be required to have a premises for secure storage of goods procured duty free under this notification and the final products manufactured or produced therefrom and the details of the premises shall be declared to the said officer.”.

6. In the said notification, in paragraph 7, the words “out of the bonded premises to the granite quarries”, the words “out of the premises of the unit to the granite quarries” shall be substituted.

7. This notification shall come into force with effect from 13thAugust, 2016.

[F. No. 484/03/2015– LC (Pt.II)]