CBIC again defers e-sealing on deposit, removal of goods from customs warehouses

Image
Press Trust of India New Delhi
Last Updated : Jan 02 2019 | 12:30 PM IST

The customs department has deferred the implementation of mandatory electronic sealing for deposit and removal of goods from customs warehouses for the fourth time.

The requirement of e-sealing of goods was to come into effect from January 1, 2019.

The customs department had in June last year decided that radio-frequency identification (RFID) sealing shall be required on transport of goods for deposit in a warehouse as well as removal therefrom.

Therefore, wherever the 'warehousing regulations' prescribe affixing of a 'one-time lock', the importer or owner of the goods shall use RFID anti-tamper one-time-locks.

The e-sealing requirement for deposit in and removal of goods from customs bonded warehouses was originally to come into effect from August 15, 2018, which was then deferred to October 1, 2018. Its implementation was again postponed to November 1, 2018, and then further to January 1, 2019.

In a letter to principal chief commissioners/chief commissioners of customs, the Central Board of Indirect Taxes and Customs (CBIC) said the implementation of the e-sealing norms stands deferred.

"The board has decided to further defer the implementation" of electronic sealing for deposit in and removal of goods from customs bonded warehouses, the CBIC said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 02 2019 | 12:30 PM IST

Next Story