Material Transfer from Bond Warehouse to Trading Warehouse

Hi All,

When doing imports, in certain scenarios, the material is kept at Customs Bonded Warehouse where the duty need to be paid only when the material is being cleared.

In case the customer is using the material for manufacturing of goods to be exported, they get duty exemption and clear the goods without paying the duty.

In such cases, we keep the material in Bond warehouse and make a sale transaction from this and let the customer clear the materials from there.

Sometimes, this material may have to be moved to our own Traded warehouse. In this case, the customs duty/cvd/cvd cess/additional duty... have to be paid to clear the material from Bonded Warehouse.