Central Board of Indirect Taxes and Customs (CBIC) has amended the Warehoused Goods (Removal) Regulations, 2016, through its notification dated 1st October, 2019.
The Regulations govern the storing, transfer and transport of good warehouse by the owner in relation to a public warehouse, private warehouse or a special warehouse licensed under Sections 57, 58 and 58 A respectively, of the Customs Act, 1962.
By the amendment, it has been clarified that the Regulations are not applicable to the warehouses which run under the Section 65 of Customs Act. Section 65 deals with Manufacture and other operations in relation to goods in a warehouse with sanction form the Assistant Commissioner of Customs or Deputy Commissioner of Customs.
Click here to read amendment.
