India Streamlining Customs Bonded Warehouse Program

India’s Central Board of Indirect Taxes and Customs has “revamped and streamlined” a program to strengthen domestic manufacturing through customs bonded warehouses, the agency said in an Oct. 15 press release. The program includes a single application form for “uniformity of practice” and no “geographical limitation on where such units can be set up,” the press release said. “Units” can also import goods under a customs deferment program in which the “duties are fully remitted if the processed goods are exported,” the agency said.