Custom Bonding / renewal of License:

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 Custom Bonding / renewal of License:

Every STP member unit is required to get its premises CUSTOM BONDED, whether, it avails the benefits of Custom Duty/Excise Duty exemption or not.  At present it is a  mandatory requirement. Upon completion of the same the unit needs to forward the copy of the PBW License received from Customs & Central Excise to STPI   for record.

 For the  purpose of Custom bonding, units are required to complete the following:

1. Private Bonded Warehouse License from Customs & Central Excise.

2. B – 17 Bond with Customs & Central Excise..

1.    Private Bonded Warehouse Licence

       a)    Application for Custom Bonding is to be made to the Jurisdictional Asst. Commissioner of Customs in the form enclosed as per Annexure-I (in TRIPLICATE).  Customs will issue Licence called “Private Bonded Warehouse Licence” indicating its period of validity and CIF value of duty free equipment which can be kept within the same.

       b)    The custom bonding is generally valid for 1 year i.e. from 1st January to 31st December and is to be renewed every year.  Unit are advised to apply for renewal one month in advance so as to complete the formality before 31st December.

       c)    Following documents are required to be submitted to Custom Authorities alongwith the applications  :

              i)        Copy of letter of approval under the STP Scheme.

ii)                  Memorandum & Articles of Association & Certificate from          

iii)                Registrar of Companies for its incorporation.

              iii)      Floor plan duly approved by STPI.

iv)     Copy of Purchase / lease deed of building /premises/allotment letter/  possession letter.

              v)       Copy of Software Technology Park Agreement.

              vi)      List of goods proposed to be imported, attested by   STPI.

              vii)     List of Indigenous goods to be purchased , attested by         STPI.

viii)    B-17 bond.

2.    Self Removal approval :

At the time of issuance of Private Bonded Warehouse Licence, the  Unit can apply for the Self Removal Approval thereby permitting itself to utilise the warehoused goods for the purpose of production.

Annexure-I

APPLICATION FOR GRANT/RENEWAL OF LICENCE

FOR PRIVATE BONDED WAREHOUSE

(U/s 58 and 65 of the Customs Act, 1962)

1.    Particulars of Licence

       i)     For an individual or incorporated company

              a)    Name

              b)    Address

              c)    Nature of business

       ii)    For a firm

              a)    Name

              b)    Address

             c)     Nature of business and the following particulars in respect of each person having any proprietary interest in the firm.

                     --            Name

                     --            Address

                     --            Description

2.    Description of goods to be warehoused

3.    Whether any goods other than those belonging to the LICENSEE or for which he is an agent are intended to be warehoused

4.    Particulars of minimum stock intended to be held in the warehouse at any one time

       a)    Name of packages

       b)    Value

       c)    Duty (at rate in force at the time of application)

Note  :   In case of spirit intended for denaturation, this should be separately specified.

5.    Particular of maximum stock actually held at any one time under the expiring licence (for use in case of renewal only).

       a)    Date

       b)    No. of packages

       c)    Value

       d)    Duty

6.    Particular of any change in proprietorship of the firm since date of last renewal.  (to be filled by firms applying for renewal)

7.    Particulars of premises to be licensed

       a)    Name and address of the owner

       b)    Place at which situated

       c)    Dimension (in feet)

              (i)      Length

              (ii)     Breadth

              (iii)    Height

       d)    Distance from Custom House

       Note  :      If more than one godown is to be licensed, separate particulars should be given for each, if necessary on a separate sheet.

8.    Name and address of bankers or other persons to whom reference may be made regarding the financial status of the LICENSEE.

We hereby declare the above particulars to be true and apply for grant of a licence under Section 58 of the Customs Act, 1962 in accordance therewith.

Place    :

Authorized Signatory

Date    :

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