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The Central Board of Indirect Taxes and Customs amends Circular No. 26/2016-Customs to set a time limit for antecedent verification of warehouse license applicants. Field formations must complete the antecedent verification within 45 days of receipt of the application. The Board also directs officers to ensure proper compliance and thorough checking of every prescribed requirement by applicants, including details in the application, annual renewal of solvency certificate, annual renewal of risk insurance policy, and storage of goods in public or private bonded warehouses. Officers must also address each specific case from CAG Report No. 19 of 2022 on priority.
What you must do
Key dates
Who is affected
Thresholds
Ask about this circular
F. No. 483/01/2020-LC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs
Room No. 227 A, North Block, New Delhi Dated 21st February, 2023
To,
All Principal Chief Commissioners/ Chief Commissioners of Customs All Principal Chief Commissioners/ Chief Commissioners of Customs (Prev.) All Principal Chief Commissioners/ Chief Commissioners of CGST & Customs All Principal Director Generals/Director Generals under CBIC
Madam/Sir,
Sub: Amendment in Circular No. 26/2016-Customs dated 09.06.2016-reg.
Para 4.1 of Circular 26/2016-Customs dated 09.06.2016 provides for a centralized system of antecedent verification of the applicants of license under the Public Warehousing Licensing Regulations, 2016, the Private Warehousing Licensing Regulations, 2016 or the Special Warehousing Licensing Regulations, 2016.
The antecedent verification must be completed within 45 days of receipt of the application.
The CAG of India, in Report No. 19 of 2022 (Performance Audit) has also observed on implementation aspects of the above Circular relating to the non-capturing of certain details in the application for warehousing license, annual renewal of solvency certificate, annual renewal of risk insurance policy and irregular storage of goods in public/private bonded warehouses. The Board directs that it be ensured that every prescribed requirement is properly complied by the applicant and thoroughly checked by the officer(s) concerned.
Each specific case included in the said Report No.19 must also be addressed on priority.
Hindi version follows.
[Image omitted. See the official document.]
(Prabhjot Kaur) OSD (Customs & EP) Tel: 011-23095438 Email: uslc-cbec@gov.in
