panel_start Introduction panel_end

In the last few years, customs clearan ce has undergone a paradigm shift, from largely being focused on revenue collection, to greater impetus on trade facilitation and ease of doing business, without compromising on the revenue. Towards this aim of balancing the intricate requirement of trade facilitation as well as revenue protection, Onsite Post Clearan ce Audit (OSPCA) was introduced. Wherein compliance checks shifted from the clearan ce stage to the post clearan ce stage

One of the worst impacted sectors due to the pandemic has been the manufacturing sector.

Government has now announced the scheme of duty deferment and manufacturing in Customs Bonded Warehouses (CBWs), a WTO- complied scheme

Since last year, CBIC has been issuing new regulations, circulars and FAQs for more clarity under the said scheme

panel_start Course outline panel_end

  • Benefits & Eligibility under the scheme
  • Impact of supply chain/ distribution and other movement of goods
    • challenge in evaluating the point of taxability and the measure of the duty liability for movement at various intermediate stages
  • Comparative study & benefit analysis with the existing schemes
  • Duty fr ee import of Capital Goods and inputs
  • Treatment in case of Transitional/ spill over aspects
    • Treatment of open Advance Authorisations & EPCG licenses. Both the scenarios where export obligations completed or pending to be completed;
    • Treatment in case of existing stock of raw materials and Work in Progress, which are duty paid;
    • Return of goods supplied prior to opting of the scheme;
    • Possibility of conversion of the existing licenses into the MOOWR scheme.
  • Challenges faced by bonded warehouses
  • Post clearan ce audit in customs
  • Role of Customs Audit
  • Preparation for Audit
  • Transaction based audit (TBA) and premises based audit (PBA)
  • Issues arising out of Audit

Princeton Academy Resource

https://princetonacademy.in/resources/

Foreign Trade Policy https://commerce.gov.in/

Course Content

No content available. Please add it via the ACF field.

COURSE SCHEDULE & FEES

DOWNLOAD COURSE CONTENTS

Please click the button below to download the course content. You'll need to provide your contact information to receive the document.

×

Download Course Content

Please fill out the form below to download the course content PDF.

INCOMPANY/GROUP TRAINING REQUEST

Why Choose Our Incompany Program?

  • 🎯 Tailored content specific to your business goals
  • 👥 Train entire teams together, saving time and cost
  • 📍 Delivered at your location or virtually
  • 📅 Flexible scheduling to suit your timelines
  • 📈 Increase retention and application of skills


    Current topic: [decoded_course_title]

    Any customisation Required