MOOWR Scheme

MOOWR (Manufacture and Other Operations in Warehouse Regulation)

Moowr Scheme Introduction

MOOWR scheme is a strategic initiative by CBIC to extend duty rates on imported goods.
MOOWR stands for Manufacture and Other Operations in Warehouse.
Through MOOWR, foreign businesses are granted a simplified approval procedure for manufacturing activities in bonded warehouse.
MOOWR’s mission and objective is to make India a manufacturing and investing destination.
CBIC launched this program to defer customs duties on imported goods used for manufacturing or other operations such as labelling, assembling, marking, distribution, testing and return.

Benefits of MOOWR Scheme

The MOOWR scheme imposes a duty on imported raw materials and capital goods, leaving no tax on the exports of the same goods.
There is no holding period, the license for the MOOWR plan does not need to be renewed, and there is only one point of contact for approval.
The location of the unit is easy, there is no physical control from the customs and there are no obligations to export.
Transferring from warehouse to warehouse is easy and no minimum investment is required to set up a MOOWR unit.

Key Features of MOOWR Scheme

A single form for licenses and permits for special bond installations and manufacturing works, reducing paperwork.
You can setup a new manufacturing unit facility or convert an existing factory into an additional facility at any location.
All records are stored virtually in a standardized format for easy management and tracking.
Before you receive a permit, a customs officer will visit to check compliance and issue a bond to customs officer.
Companies are granted a duty waiver for imported goods used in the manufacture of finished products.
Goods may be waived for domestic use, export, or sent to another bonded facility and options.
There are no strict requirements for minimum exports or domestic sales gives businesses more flexibility.

Eligibility Criteria

Anyone who hold a storage permit in accordance under section 58 of the act, with self-storage licensing rules, 2016.
Along with the authorization to conduct manufacturing or other operations inside the warehouse under section 65 of the act, are moreover qualified to apply.

Frequently Asked Questions (FAQs)

What is MOOWR in India?

The MOOWR scheme, launched by the CBIC, aims to extend the duty payments on imported goods used for manufacturing or other purposes.

What are the advantages of MOOWR?

MOOWR has flexible compliance requirements and offers tax exemptions for essential/core materials.

MOOWR stands for?

It stands for Manufacture and other operations in Warehouse

What is the concept of MOOWR?

Deferral of customs duties on imported goods used for manufacturing or other purposes.

Can we trade in MOOWR scheme?

Yes, Flexibility to trade in imported goods.

Conclusion

MOOWR Scheme (Manufacture and Other Operations in Warehouse) is launched by CBIC to defer customs duties on imported goods used for manufacturing or other operations such as labelling, assembling, marking, distribution, testing and return. The main objective of this scheme is to make India a manufacturing and an investing destination

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