INMECC NEWS : Manufacture and Other Operations in Customs Warehouse (MOOWR) Scheme

Central Board of Indirect Taxes and Customs (CBIC) has launched a revamped and streamlined program to attract investments into India and strengthen Make in India.
Under this program, a unit can import goods (both inputs and capital goods) under customs duty deferment with no interest liability. There is no investment threshold or export obligation. The duties are fully remitted if the goods resulting from such operations are exported. Import duty is payable only if the resulting goods or imported goods are cleared in the domestic market (ex-bonding).

For more details, visit the website: https://www.cbic.gov.in/resources/htdocs-cbec/customs/FAQs_manufacture_inbond_scheme(MOOWR2019).pdf

For registration, click here: https://www.investindia.gov.in/bonded-manufacturing/application-form

T C Varghese

Executive Director