FAQ

FAQ

Sl. Question Title
1 What is the Warehousing Rules, 1984?
2 What is Bonded Warehouse License? Why it is necessary?
3 Who is the Bonded Warehouse Licensing Authority?
4 What is the legal provision for issuing a Bonded Warehouse License?
5 How many types of Bonded Warehouse License are there? Describe them in brief.
6 What is Warehousing Station? Which areas are declared as Warehousing Station?
7 Describe the administrative Jurisdiction of Bond Division and Circle under CBC.
8 What is Continuous Bond? What are the conditions to issue a Continuous Bond?
9 For which type of industy the Boned Warehouse License is not applicable?
10 What are the differences between Diplomatic and Privileged Person bonded warehouse? Give the list of such Bonded warehouses.
11 What is Privileged Person (Customs Procedure) Rules, 2003?
12 Is it possible to sale goods from diplomatic bonded warehouse to non-diplomatic or privileged person?
13 Who is the controller of Bonded warehouse? What are the responsibility of controller as per law?
14 Is it possible to issue more than one bond license in a single building?
15 What is the application procedure for bond license? What documents are needed for a bond license?
16 What are the activities to be done during approval process of bond license after submitting an application?
17 What is the procedure to determine Production Capacity of factory?
18 What is the procedure to determine the Entitlement of a factory?
19 What is Anual Entitlement? How do you determine the anual entitlement? What will be the impact of local purchase on anual entitlement?
20 What is the procedure to release raw materials from import Customs Station for warehousing under Bond?
21 What is General Bond? Describe in detail about the General Bond?
22 What are the Risk Bond and Duty Bond? Are the applicable now?
23 What type of controlling mechanisms are applicable on warehoused goods?
24 What is Bonding Period? How do you increase the bonding period?
25 What are the procedure to sort the damaged raw materials in the warehouse?
26 How do you use the raw materials from the bonded warehouse?
27 How can you remove the goods if your bond license is cancelled?
28 Can you transfer goods from one warehouse to another warehouse?
29 What is a volatile goods? How can you disposed the volatilized goods?
30 What are the legal provisions to remove warehoused goods?
31 How do you calculate your licensing period? What is the procedure of renewal of your bond license?
32 How do you dispose the goods damaged in accident or any Force Marjorie.
33 When and why you have to pay duty-tax for goods imported under Bond License?
34 In what circumstances your bond license could be cancelled instead of renewal?
35 What is anual audit? Why it is needed?
36 What types of documents you need to submit for audit for RMG industries?
37 Is there any special instruction for the audit of Diplomatic Bonded Warehouse?
38 Is there any rules for 100% export oriented industry?
39 What is the minimum value addition for different industries as per Import Policy Order, 2009-12?
40 What are import procedures for 100% export oriented industries as per Import Policy Order, 2009-12?
41 What is the import procedure for export oriented industries other than Garments and Deemed Exporters?
42 What is the procedure of import by 100% export oriented garments industry? Is it possible to import without LC?
43 What is Green Channel? Who can avail this facility?
44 What are the difference between UD and UP?
45 What is input-output co-efficient? Who is the appropriate authority to issue input-output co-efficient?
46 What are the Export LC, BBLC, Local BBLC, No Cost based import?
47 Is it possible to collect carton and other accessories against purchase order?
48 What is Passbook? Where is is used?
49 What is Bond Register? Which information are to be written here?
50 What is in-bond and ex-bond? What are the required documents for that?