Central Bureau of Indirect Taxes and Customs (CBIC) has issued a Circular amending its previous Circular on maintenance of records in relation to warehoused goods. The present amending Circular was issued on 21st February, 2023.
It may be recalled that CBIC by its previous circular had issued ‘Form A’ for capturing details relating to receipts, handling, storage and removal of warehoused goods. CBIC has now observed that this form does not explicitly capture details of Ex-bond Bill of Entry or Shipping Bill where the goods are removed from the warehouse for home consumption or export, respectively.
Hence, Form A has been amended by inserting a new column, i.e. Column No. 25A titled ‘Ex-bond Bill of Entry No. and dare/ Shipping Bill No. and date’