CA Final · Indirect Tax Laws · Warehousing
Sagar Marine Supplies imports provisions and files a bill of entry for warehousing with a declaration that the goods will be supplied as stores to vessels without payment of import duty. What may the proper officer do under section 85?
The proper officer may permit the goods to be warehoused without assessment to duty. Section 85 allows this where the importer makes and subscribes a declaration that the goods will be supplied as stores to vessels or aircraft without payment of import duty.
- APermit warehousing without the goods being assessed to dutyCorrect
- BPermit warehousing only after assessment and payment of duty
- CRefuse warehousing because bond under section 59 is mandatory
- DAllow clearance for home consumption without a bill of entry
Explanation
Section 85 lets the proper officer permit goods to be warehoused without assessment to duty where the importer subscribes to a declaration that they are to be supplied as stores to vessels or aircraft without payment of import duty. Requiring assessment first contradicts this.
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