Here are some benefits of the MOOWR scheme:

Aug 12, 2024 - 18:22
 0  10

Here are some benefits of the MOOWR scheme:

  • Deferred customs duty: Manufacturers can defer payment of customs duty on imported raw materials and capital goods.
  • No customs duty on exports: Manufacturers don't need to pay customs duty if the imported goods are exported.
  • No time limit for storage: Manufacturers can store goods for as long as they need.
  • No license renewal: Licenses don't need to be renewed.
  • Single point of contact: Manufacturers have a single point of contact for approvals.
  • Flexible unit location: Manufacturers can locate their units flexibly.
  • No physical control by customs: Customs doesn't have physical control over the goods.
  • No export obligations: Manufacturers can sell 100% of the goods manufactured in the bonded warehouse into the domestic market. However, they will still need to pay duty on imported inputs.

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AradhyaExim Aradhya Export Import Consultant is a professional consulting firm that provides services with respect to Indirect Taxation regarding DGFT Services, Customs Services and GST, as well as Industrial Subsidies from various Government Departments.