Compliance
MOOWR Compliance Requirements
Bond Register Maintenance
Maintain a detailed bond register as per customs format to track movement of duty-free goods, recording all inward entries (imports) and outward entries (goods used or cleared) with corresponding duty debits and credits.
Input-Output Records
Keep comprehensive records for each duty-free input and raw material, including stock levels, receipt documentation, issuance records for manufacturing, and details of any rejected goods or discrepancies.
Monthly Returns Filing
Submit monthly returns to customs authorities with detailed summaries of all transactions related to duty-free and duty-paid goods, capturing both inward movements and outward movements.
Annual Renewals
Provide updated solvency certificate, renewed insurance policy, and current fire safety audit report annually to maintain eligibility under the scheme and ensure continued compliance.
Compliance under the MOOWR Scheme focuses on maintaining transparency in the movement and usage of duty-free goods. Any significant operational changes or updates to the information submitted during application must be promptly reported to customs authorities.
Exiting the MOOWR Scheme
Exiting the MOOWR Scheme requires following a structured process to ensure compliance with customs regulations and to settle all pending duties and obligations. Proper planning for the exit is essential to avoid complications or unexpected duty payments.
The exit process typically takes 1-2 months, depending on the inventory status and compliance history of the unit. Units with clean records and properly cleared inventory generally experience smoother and faster exits from the scheme.
Inventory Clearance
Ensure all duty-free goods in the MOOWR unit are properly cleared, either through domestic consumption (by filing Ex-bond BOE and paying duties) or through exports.
Compliance Verification
Confirm all compliance requirements have been fulfilled, including submission of all monthly returns and settlement of bonds such as the transit bond.
License Surrender
Formally request surrender of the MOOWR license by submitting an application to jurisdictional customs authorities with all supporting documentation.
Final Inspection
Customs authorities may conduct a final inspection or audit to verify that all goods have been cleared and no outstanding duties remain unpaid.
Why Global Tax Masters is Important for Compliance?
Given the technical nature of documentation, systems, and interaction with customs, working with experienced MOOWR Scheme consultants is essential. A qualified consultant ensures:
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Timely filing of monthly and annual compliances,
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Maintenance of proper registers and reconciliations,
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Smooth handling of customs audits and inspections,
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Advising on how to structure operations to remain compliant while maximizing duty savings.
At Global Tax Masters, our team of MOOWR specialists and Chartered Accountants has helped over 300 clients across India remain fully compliant under the MOOWR Scheme while saving crores in import duties.