Customs -Operational Problems being faced by EOUs in GST regime consequent to amendment in Notification No. 52\/2003-Customs dated 31.03.2003
PUBLIC NOTICE No. 21\/2017 Dated:- 19-7-2017 Trade Notice
Customs
OFFICE OF THE COMMISSIONER OF CUSTOMS,
\nCITY CUSTOMS COMMISSIONERATE, P.B No. 5400, C.R.BUILDING,
\nQUEEN'S ROAD, BENGALURU – 560 001
\nC.N0. VIII\/09\/23\/2017 City cus Tech PN
\nDate: 19.07.2017
\nPUBLIC NOTICE No. 21\/2017
\nSub: regarding.
\n****
\nAttention of all Customs Brokers, Exporters, Importers, Members of the Trade and other stake holders is invited to Notification No. 52\/2003-Customs dated 31.03.2003 as amended by Notification No. 59\/2017-Customs dated 30.06.2017 and also towards Board's Circular No. 29\/2017- Customs<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n unit transfer of goods from one EOU to another, which was supported by procurement certificate (PC) in view of Circular no. 35\/2016 – Custom dated 29-7-2016 . = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ment of applicable GST taxes. However, such transfer would be without payment of custom duty. The supplier unit will endorse on such documents the amount of custom duty, availed as exemption, if any, on the goods intended to be transferred. The recipient unit would be responsible for paying such basic customs duty, as is obligated under Notification no. 52\/2003-Cus dated 31-3-2003 (as amended), when the finished goods made out of such goods or such goods are cleared in DTA. The circular no. 35\/2016 -Custom dated 29-7-2016 would stand amended to the extent that no procurement certificates would be required for inter- unit transfer. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Customs -Operational Problems being faced by EOUs in GST regime consequent to amendment in Notification No. 52\/2003-Customs dated 31.03.2003PUBLIC NOTICE No. 21\/2017 Dated:- 19-7-2017 Trade NoticeCustomsOFFICE OF THE COMMISSIONER OF CUSTOMS, CITY CUSTOMS COMMISSIONERATE, P.B No. 5400, C.R.BUILDING, QUEEN'S ROAD, BENGALURU – 560 001 C.N0. VIII\/09\/23\/2017 City cus Tech PN Date: 19.07.2017 PUBLIC NOTICE No. … Continue reading “Customs -Operational Problems being faced by EOUs in GST regime consequent to amendment in Notification No. 52\/2003-Customs dated 31.03.2003”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16709","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16709"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/16709\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n (d) Trade has also requested to continue the procedure of procurement certificates for transitional period for import of goods by EOUs.
\n3. Matter has been examined. It has been decided by Board, that –
\n (i) The B-17 bond, being a general purpose running bond will serve the requirement of continuity bond to be submitted under Customs (import of Goods at Concessional Rate of Duty) Rules, 2017, and therefore EOU\/STP\/EHTP units are not required to submit separate continuity bond.
\n (ii) It is to clarify that the requirements of information about estimated quantity and value of goods t<\/p>\n
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\n4. Difficulties faced, if any may be brought to the notice of this office.
\n(PARAG CHAKO BORKAR)
\nCOMMISSIONER<\/p>\n
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