Can MOOWR unit be shut down or surrendered? If yes, how?

Yes, a MOOWR unit can be shut down or voluntarily surrendered, and the process is clearly defined under Customs law.

Introduction
MOOWR is not a permanent or irreversible setup. A warehouse license holder may choose to exit the scheme due to business restructuring, relocation, or change in operations.

Voluntary Surrender of MOOWR License
The licensee can apply to the jurisdictional Customs authority for surrender of the Section 58 bonded warehouse license and the Section 65 manufacturing permission. The request must be made in writing with reasons for closure.

Clearance of Bonded Goods
Before surrender is approved, all bonded goods must be accounted for. Imported raw materials, capital goods, work in progress, and finished goods must either be
Cleared for home consumption on payment of applicable customs duty and IGST
Exported out of India without duty payment
Transferred to another bonded warehouse with Customs permission

Settlement of Bond and Compliance
The B 17 bond executed at the time of registration must be fully discharged. Any pending customs duty, interest, or penalty must be paid. All statutory records and returns must be up to date.

Customs Verification
Customs may conduct a physical verification of stock and records to ensure there is no discrepancy before issuing closure approval.

Cancellation by Customs
Apart from voluntary surrender, Customs can also cancel or suspend a MOOWR license in cases of serious non compliance, misuse, or violation of conditions after due process.

Conclusion
MOOWR units can be smoothly exited with proper planning, full stock reconciliation, and compliance settlement, making the scheme flexible even at the closure stage.

Learn more about MOOWR scheme at https://www.jparks.co/services/apply-for-moowr-scheme/