Leaving the scheme cleanly

A MOOWR licence runs until it is surrendered or cancelled. Leaving cleanly takes planning, because the goods still in the warehouse have to be dealt with first.

• The operation is closing or relocating
• The business has changed and MOOWR no longer fits it
• The scheme has changed, for example through an exclusion notified for a class of goods or operations

• Clearing the warehoused goods, either for home consumption on payment of duty or by export.
• Capital goods cleared into the domestic market attract duty on their original import value, with no allowance for depreciation.
• Closing the records and filing the final returns.
• Surrendering the licence to the Principal Commissioner or Commissioner of Customs.
• Cancellation of the bond once all dues are settled.

Goods imported for solar power generation projects that supply electricity were excluded from warehousing under Section 65 from 17 December 2024. Units caught by a change like that need a considered route out, not a hurried one.

Talk to us about exiting