• Deferred Duty on Imported Capital Goods
  Duty on capital goods used in manufacturing or other operations is deferred until their clearance from the bonded warehouse facility. Capital goods can be sold to foreign manufacturers after utilization and differed duty can also be avoided.
• Deferred Duty on Imported Raw Materials
  Duty on imported raw materials used in manufacturing or other operations is deferred until clearance of finished goods. Differed duty is waved In case finished goods are exported.
• Warehouse to Warehouse Duty free transfer allowed
  There is no duty applicable if goods transfer to one Warehouse from another Warehouse. Duty free transfer of goods allowed from one warehouse to another one
• No fixed Export Obligation
  No Limit on the Share of clearance of finished goods for the domestic market. An entity may manufacture in a bonded facility and sell up to 100 % of the output in the domestic market
• A single digital account
  For ease of doing business and easy compliance
• Single Point of Approval
  A single application cum approval form for uniformity of practice with a single point of approval to set up the operations of such units.
• Easy Compliance
  Maintain all records of manufacturing and other operations digitally in a single format
• Unlimited Period of Warehousing
  Capital and non-capital goods (raw materials, components, etc.) can remain warehoused until clearance or consumption
• No geographical limitation on where such units can be set up
  New manufacturing facility can be set up or an existing facility can be converted into a bonded manufacturing facility irrespective of its location in India
• Improved Liquidity
  With the deferment of import duty and no interest liability, you have more cash flow which can be used to invest in other important operations for your company.
• Procurement of GST compliant goods
  Your company is allowed to procure GST compliant goods from the domestic market for use in your own products manufacturing and other operations in a Section 65 unit.
• Zero Rated Goods
  When finished goods are exported, in addition to the waiver of BCD (Basic Customs Duty) + IGST on the imported goods used, the GST on the finished goods can be zero-rated

There is a legal process to acquire these benefits for your organisation. We at Universal Channels have helped serveral clients of ours to take advantage of this scheme. To know more contact us using the button below.