VALUE ADDED SERVICES
"we also undertake :-"
1. Insight on Manufacturing Bonded Warehouse Scheme under indian Customs Act
A person who has been granted a license for a warehouse under section 58 of the Customs Act, or a person who applies for a license for a warehouse along with permission to undertake manufacturing or other operations in the warehouse under section 65, shall be eligible to apply for operating under the regulations.
The applicant shall provide an undertaking to maintain accounts of receipt and removal of goods, execute bond and inform the input-output norm wherever considered necessary.
The licensee shall comply with the prescribed conditions for transportation of goods from: customs station to warehouse;one warehouse to another; warehouse to customs station for export; and warehouse for home consumption.
The licensee shall maintain the relevant records in relation to the warehoused goods for a minimum period of five years from the date of removal of goods.
The regulations have come into force from 1 October 2019. Further, a circular[2] has been issued in this regard.
This initiative is aimed at attracting investments in India for manufacturing sector and also to support the Make in India initiative of the Government of India.
The customs duty deferment on import of capital goods under MOOWR, 2019 is positive for the manufacturing sector as there appears to be no restriction in using the duty-free capital goods in the warehouse for domestic/export clearances. Similar benefit is also available for imported raw materials/packing material, where the payment of proportionate customs duty can be deferred till ex-bond clearance of finished goods in the domestic market.
While an FAQ has been issued by Invest India on bonded manufacturing, it would be helpful if CBIC clarifies on various open issues such as process to be followed in case of clearance of goods for job work outside the bonded premises, continuation of benefits under the Foreign Trade Policy (FTP) for goods exported from bonded warehouse, benefit of duty deferment in case of conversion of Export Oriented Unit (EOU) into bonded warehouse, guidelines around warehouse keeper etc. This initiative may help in improving capacity utilization as there is no restriction on quantum of clearances that need to be exported or cleared in domestic market. Also, key fiscal benefits of duty-free procurement of capital goods/inputs as enjoyed by an EOU or a Special Economic Zone or under FTP could be availed by opting this scheme. Streamlining the process for approval and provision for single digital account may also facilitate ease of doing business and compliances.
2. Events & Exhibition Logistics
Unlike general cargo, exhibition & event cargo is not just movement and delivery of goods between buyer and the seller across the globe but is carrying and delivering corporate image and reputation of the product and service of the exhibitor. Our company has developed an eye for its cargo, seeing through the packing and realising that responsibility and commitment is the key parameter to any successful exhibition & event logistics operator.We as an event and exhibition logistics operator, offer knowledge based approach to the special requirements of exhibition supply chain logistics. Complementing our knowledge based service is our skilled manpower and investments in very unique & specialized handling equipments and tools, providing the exhibitor a whole spectrum of services needed for a successful participation and ability to enter the market. Apart from exhibition & display cargo under ATA Carnet, custom bond & bank guarantee, we offer a unique fast track service to exhibitors for exhibition cargo through its FTWZ units in India, where exhibits can move to & from India for display at Exhibition / Event without waiting for any ATA Carnet, custom bond & bank guarantee, thus saving the exhibitors on time and cost.Our specialized sale goods service during and after the exhibition has been much liked and appreciated by the exhibitors, which brings us a tremendous support and volumes. We are official partners of many leading International Exhibition Organisations and are on panel of official site handling agents at all leading exhibition venues in India. We have a special dedicated department with experienced exhibition industry professionals to cater the exhibition industry and have been extending services unparalleled in the industry
3. Kitting and Assembly
By delaying production-ready, or customer ready, kits and light assemblies until they are needed, we give you increased flexibility over your inventory. Keeping stocks low and meeting volatile consumer demands. In the retail sector, we provide garment-on-hanger services and we support promotions by pre-assembling point of sale displays.
4. Labelling
We can apply customized labels for different markets, or add last minute swing tags, bar codes and price stickers to support local promotions.
5. Pre-Inspection
Maintaining the highest quality standards, Lotus Global Express offers on-site inspection of inbound and outbound goods and components, reducing wastage, protecting your brand..