MOOWR Scheme Highlights
• No minimum investment is required• No minimum area/notified area
• Existing warehouse can be converted into private manufacturing license
• Submit a triple duty bond under Section 59 of the Customs Act
• No export obligation or NFE obligation attached to MOOWR
• A single application
• No physical control by customs authorities
• A new manufacturing facility can be set up, or the existing unit can be converted into a bonded warehouse, irrespective of its location in India.
• Unlimited warehousing period for storage of capital or non-capital goods until clearance for home consumption without any interest liability.
Benefits of MOOWR over other schemes Capital Goods
Capital Goods can be imported with deferred duty payment.
No duties are to be paid at the time of import clearance including Basic Customs Duty, Cess and IGST
No obligation except Capital Goods are to be installed at MOOWR facility only
Duties are to be paid at the time of clearance of Capital Goods from factory to DTA
If Capital Goods are being transferred from one MOOWR unit to another MOOWR unit, The liability to pay deferred duty is also transferred to the owner of the new MOOWR facility with the transfer of goods.
If Capital goods are exported to any entity outside India, duty deferment will convert into exemption, hence no duties are to be paid Benefits of MOOWR over other schemes
Raw Materials
• Imported raw material are allowed to be imported without payment of duties including but not limited to Basic Customs Duty, Cess and IGST• Imported raw material meant for manufacturing of resultant finished goods can be stored for infinite number of days without any interest liability
• Raw material used for :-
• Manufacturing of finished goods meant for DTA sale :- Duties are to be paid at the time of FG dispatch. No interest to be paid
• Manufacturing of finished goods meant for Export :- No duties are to be paid. Duty deferment will convert into duty exemption (like in case of Advance Authorisation)
• To be sold in DTA as such :- Trading is allowed and no interest to be paid upto 90 days from the date of import. After 90 days, interest of @15% p.a. to be paid from the 91st day onwards
• To be exported as such :- Re-export is allowed and no duties are to be paid. Duty deferment will get converted into duty exemption.
• If FG are transferred from one MOOWR unit to another MOOWR unit, the liability to pay deferred duty is also transferred to the owner of the new MOOWR facility with the transfer of goods.
• If Raw materials are sold to another MOOWR unit, again the liability to pay deferred duty is also transferred to the owner of the new MOOWR facility with the transfer of goods
For more details, please contact us. We provide complete support and guidance including application preparation, Site Audit / Visit, Grant of MOOWr license and resolution of the matters as for Custom Act and Rules.