Introduction
Under the MOOWR scheme, proper record maintenance is essential to ensure customs compliance and smooth operations. These records help Customs track imported goods from entry to clearance.
Import Records
Details of all goods imported into the bonded warehouse must be recorded. This includes Bill of Entry numbers, dates, quantities, values and storage locations.
Stock and Inventory Records
Units must maintain up to date stock registers showing opening balance, receipts, usage, processing, wastage and closing balance of goods.
Manufacturing and Processing Records
Where manufacturing or other operations are undertaken, records must clearly show how imported inputs are consumed and converted into finished goods.
Clearance Records
Separate records are required for goods cleared into the domestic market and goods exported. Domestic clearances must reflect duty payment, while export records should include shipping bill details.
Waste and Scrap Records
Any waste or scrap generated must be recorded along with its disposal method and applicable duty payment.
Returns and Retention
Periodic returns prescribed by Customs must be filed. Records should be preserved for audit and verification.
Conclusion
Accurate and consistent record keeping is the backbone of MOOWR compliance, ensuring transparency and preventing disputes with Customs.
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