MANUFACTURING IN CUSTOMS BONDED FACILITY

‘A Scheme for manufacturing and other operations in a Customs Bonded Facility to Promote India as a Global Manufacturing Hub’

OVERVIEW

India allows duty-free import of raw materials and capital goods for manufacturing and other operations in a bonded manufacturing facility.

Private bonded facility

  • Deferment of import duty on imported capital goods and raw materials .
  • Exemption of the deferred duty If these imported inputs are utilized for exports purpose.
  • Duty payable only when the finished / capital goods are cleared to the domestic market.
  • When finished goods are exported, in addition to the waiver of BCD + IGST on the imported (and duty deferred) goods used, the GST on the finished goods can be zero-rated. Any input GST can be taken as a credit against output GST.

ADVANTAGES

credit against output GST

HOW TO APPLY

Application form

Download Brochure on Scheme for Manufacturing In Customs Bonded Facility

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