Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52\/2003-Customs dated 31-3-2003
29\/2017 Dated:- 17-7-2017 Circular
Customs
Circular No. 29\/2017-Customs
\nF. No. DGEP\/EOU\/GST\/16\/2017
\nGovernment of India
\nDepartment of Revenue
\nCentral Board of Excise & Customs
\nDirectorate General of Export Promotion
\nNew Delhi, 17th July, 2017
\nTo
\nPrincipal Chief Commissioners\/Principal Directors General,
\nChief Commissioners\/Directors General,
\nPrincipal Commissioners\/Commissioners,
\nAll under CBEC.
\nMadam\/Sir,
\nSub: Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52\/2003-Customs dated 31-3-2003- reg.
\nEOUs are allowed duty free import of goods und<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n They apprehend that the requirements may increase or change during this period of one year. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n rocedure of Rule (5) of IGCR, rules or use procurement certificate for import of goods. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52\/2003-Customs dated 31-3-200329\/2017 Dated:- 17-7-2017 CircularCustomsCircular No. 29\/2017-Customs F. No. DGEP\/EOU\/GST\/16\/2017 Government of India Department of Revenue Central Board of Excise & Customs Directorate General of Export Promotion New Delhi, 17th July, 2017 To Principal Chief Commissioners\/Principal Directors General, Chief … Continue reading “Operational problems being faced by EOU in GST regime consequent to amendment in Notification no. 52\/2003-Customs dated 31-3-2003”<\/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-6189","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6189","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=6189"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6189\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nc) Trade has also sought a clarification regarding inter 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 .
\nd) 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 requ<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(iv) The inter unit transfer would be on invoice on payment 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 re<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n