Home consumption's bill of entry can be substituted with 1 for warehousing

Quick Summary:

So, we want to put the goods in a public bonded warehouse and clear the goods when we have the money to pay the duty.Can we do that?

Therefore, if the waste or scrap generation is within the standard or approved norms limit, there is no need to surrender BCD while clearing the waste or scrap in DTA.

Yes, in accordance with Para C.2 (2) of RBI Master Direction no.16/2015-16 dated January 1, 2016 on exports of goods and services.

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Article Details

Category: BusinessFinance

Markets: India

Topics: CHATROOM Consumption Home bill Warehousing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 22:54:28 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21733721

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 336 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 5 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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