Procedure for deposit in the warehouse and subsequent removal :

The following are briefly the various stages and steps involved in deposit of imported goods in a private bonded warehouse and their subsequent removal. The removal can be normally for

(a) home consumption

(b) export; and

(c) transfer to another warehouse.

The stages in the processing of goods for deposit in warehouse are:

(a) Assessment of into-bond bill of entry at the port of import;

(b) Execution of double duty warehousing bond under section 59;

(c) Bonding of the goods in a warehouse at the port of import;

(d) Ascertain availability of space from the inland private bonded warehouse in the inland station;

(e) Superintendent-in-charge of private warehouse issues space availability certificate. In case of a private warehouse, EOU, STP, EHTP such certificate is not required.

(f) On the strength of the certificate, the officer-in-charge of the port warehouse would permit transfer of the goods under section 67;

(g) The necessary bond, for due transport and subsequent accounting of the goods, is executed. Bond should be accompanied with bank guarantee. However EOU, EHTP and STP units are not needed to give a bank guarantee.

(h) Licensee should file, before depositing the transferred goods, the copy of invoice, bill of lading, authenticated copy of bill of entry at the port of importation and section 59 bond;

(i) The jurisdictional Assistant Commissioner after necessary check of the documents will accept the section 59 bond and permit the transferred goods to be re-warehoused;

(j) Before permitting the deposit of the goods in the private warehouse, the packages will be examined externally to satisfy by marks and numbers that they were the same goods duly covered by the bill of entry filed at the port of import. If any of the packages were damaged or broken in transit, the contents would be examined. If the packages do not bear distinguishing marks or running serial number, they will be provided on the packages;

(k) During custody in the private bonded warehouse, the licensee will maintain

(a) Stock account book; and

(b) Into-bond bill of entry-wise account

(l) The licensee requiring clearance of the goods from the warehouse would present an ex – bond for home consumption (green bill of entry) at least 48 hours before the desired time for clearance. Duty is payable only on the quantity that is cleared from warehouse;

(m) After assessment of the ex-bond bill of entry and determination of the duty payable, the B/E will be returned along with challan in quadruplicate (for payment of duty);

(n) The licensee shall also inform the customs officer about the proposed removal well in advance;

(o) After payment of duty, the copies of the ex-bond bill of entry and one copy of the receipted challan to the superintendent-in-charge of the warehouse who will depute necessary officers to effect the release of the goods;

(p) The officer after examination and test weighment will allow the clearance if the packages are found to tally with the particulars given in the bill of entry;

(q) The officer will make necessary entries and endorsement on the warehouse register, stock card and bill of entry file.