The CBIC vide Notification No. 70/2019-Customs (N.T.) and 71/2019-Customs (N.T.) both dated October 01, 2019 has made following regulations, to amend the ‘The Warehouse (Custody and Handling of Goods) Regulations, 2016’ and ‘The Warehoused Goods (Removal) Regulations, 2016’:
- The Warehouse (Custody and Handling of Goods) Amendment Regulations, 2019
- The Warehoused Goods (Removal) Amendment Regulations, 2019
The supra regulations which were governing the procedure hitherto for custody and handling of goods in and removal of goods from public and private bonded warehouses, have been amended to exclude their application for warehouses operating under section 65. The said regulations will continue to be applicable for warehouses, not operating under Section 65.
This amendment has been done since, ‘Manufacture and Other Operations in Warehouse Regulations 2019 (no. 2 regulations)’, issued vide Notification No. 69/2019-Customs (N.T.) dated October 01, 2019, covers the procedures and documentation for units operating under Section 65 in a comprehensive manner, including application for seeking permission under section 65, provision of execution of the bond by the licensee, receipt, storage and removal of goods, maintenance of accounts, conduct of audit etc.
Read more at:
Notification No. 70/2019: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-nt2019/csnt70-2019.pdf
Notification No.71/2019: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2019/cs-nt2019/csnt71-2019.pdf