Manufacturers in India who rely heavily on imported capital goods and raw materials now have more clarity and flexibility in managing import duty costs. With the issuance of Circular No. 26/2024-Customs, the Central Board of Indirect Taxes and Customs (CBIC) has explicitly clarified that importers can simultaneously avail benefits under...

IGST Deferment Under MOOWR – Is It Still Allowed? One of the most important benefits of the MOOWR Scheme (Manufacture and Other Operations in Warehouse Regulations, 2019) is the duty deferment offered to manufacturers who import goods into India. At Global Tax Masters, we regularly get asked by clients: 👉...

Can You Claim Depreciation on Duty-Free Machinery Under MOOWR? Yes — Here’s Why If your business is planning to register under the MOOWR scheme (Manufacture and Other Operations in Warehouse Regulations, 2019), one of the most common queries is: Can depreciation be claimed under the Income Tax Act on machines...

The MOOWR (Manufacture and Other Operations in Warehouse Regulations) scheme and the EPCG (Export Promotion Capital Goods) scheme are both designed to support businesses involved in manufacturing and exporting, but they cater to different needs and offer distinct advantages. This document explores why the MOOWR scheme was introduced despite the...

The Manufacture and Other Operations in Warehouse Regulations (MOOWR) Scheme is a significant initiative introduced by the Central Board of Indirect Taxes and Customs (CBIC). Its primary objective is facilitating manufacturing and other operational activities within bonded warehouses. Let’s delve into the details of this scheme: What is the MOOWR...

The MOOWR (Manufacturing and Other Operations in Warehoused Goods Regulations) scheme streamlines the import process for manufacturing by deferring duties. Here’s a concise overview of the application process: Begin by filling out the online application form on the Invest India Portal. Before starting the application, gather the following documents/information: PAN,...