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Archive: 14 May 2016

Posts in 14 May 2016

Cenvat cannot be utilised for Infrastructure Cess payment

May 14, 2016 4246 Views 0 comment Print

Notification No. 27/2016 – Central Excise (N.T.) 1. (1) These rules may be called the CENVAT Credit (Sixth Amendment) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette.

CBEC prescribes revised Consignment & General Bond

May 14, 2016 7567 Views 0 comment Print

Amendment to Ch IX of the Customs Act, 1962 – Bond required to be filed under section 59-The Bonds to be executed by the importer under subsection (1) or sub-section (2) of section 59 of the Customs Act have been finalized in consultation with the Ministry of Law & Justice and are annexed.

Goods Removal from customs station & one-time-lock affixation

May 14, 2016 3772 Views 0 comment Print

Procedure to be followed by the licensee or bond officer, as the case may be, to permit deposit of the goods into a warehouse. The regulations require that goods arriving at the warehouse from a customs station shall be affixed with a one-time-lock (bottle seal) with its serial number endorsed upon the bill of entry for warehousing and the transport document.

Special Warehouse Licensing Regulations, 2016

May 14, 2016 1705 Views 0 comment Print

Licence for existing warehouses. – (1) A public warehouse appointed under section 57 or a private warehouse licensed under section 58 as it stood immediately before the commencement of the Finance Act, 2016 (28 of 2016), may continue to carry out operations in respect of goods notified under sub-section (2) of section 58A for a period of three months from the date of coming into force of these regulations:

Private Warehouse Licensing Regulations, 2016

May 14, 2016 5245 Views 0 comment Print

Notification No. 71/2016- Customs (N.T.)- These regulations may be called as the Private Warehouse Licensing Regulations, 2016.

Public Warehouse Licensing Regulations, 2016

May 14, 2016 3499 Views 0 comment Print

Notification No. 70/2016- Customs (N.T.) These regulations may be called the Public Warehouse Licensing Regulations, 2016.

Special Warehouse (Custody and Handling of Goods) Regulations, 2016

May 14, 2016 2074 Views 0 comment Print

Transfer of goods to another warehouse. – (1) A licensee shall not allow the transfer of warehoused goods to another warehouse without the permission of the bond officer on the Form for transfer of goods from a warehouse.

Warehouse (Custody and Handling of Goods) Regulations, 2016

May 14, 2016 6034 Views 0 comment Print

Appointment of warehouse keeper. – (1) A licensee shall appoint a warehouse keeper who has sufficient experience in warehousing operations and customs procedures to discharge functions on his behalf. (2) The warehouse keeper shall obtain a digital signature from authorities licensed by the Controller of Certifying Authorities for filing electronic documents required under the Act, rules or regulations made thereunder.

Warehoused Goods (Removal) Regulations, 2016

May 14, 2016 4756 Views 0 comment Print

Where the warehoused goods are to be removed from one warehouse to another warehouse or from a warehouse to a customs station for export, the owner of the goods shall make such request by filing the Form appended to these regulations.

Custom: Good to be deposited in special warehouse licenced U/s. 58A(1)

May 14, 2016 6976 Views 0 comment Print

Central Board of Excise and Customs hereby specifies the following class of goods which shall be deposited in a special warehouse licenced under section 58A (1) of the Customs Act, 1962 (1) gold, silver, other precious metals and semi-precious metals and articles thereof;

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