Bill of Entry under Imports in India

Update 01st April, 2017:

Reduced free period for filing BE and paying Import Duty

Amendment of Sec 46 and Sec 47 of Indian Customs Act

Bill of Entry  under Imports

Bill of Entry under Imports in IndiaBill of Entry is a declaration form made by the importer or his clearing agent in the prescribed form under Bill of Entry Regulations, 1971 on the strength of which clearance of imported goods can be made.

When goods are imported into a country, customs duty has to be paid by the import importer prepares the Bill of Entry declaring the value of goods, quantity' and description. This is prepared in triplicate. Customs authorities may ask the importer produce the invoice of the exporter, broker's note and insurance policy to satisfy about the correctness of value of goods declared.

For the purpose giving information, goods are classified into three categories,

(1) Free Goods: These goods are not subjected to any customs duty.

(2) Goods for Home Consumption: These goods are imported for self-consumption.

(3) Bonded Goods: Where goods are subject to customs duty, till duty is paid, goods are kept in Bond.

Contents of Bill of Entry

1. Name and address of importer.

2. Name and address of exporter.

3. Import licence number.

4. Name of port where goods are to be cleared.

5. Description of goods.

6. Value of goods.

7. Rate and value of import duty payable.

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Comments


Sachin singh Sachin plastics: Our first bill of entry for import was on 28 / 06 / 2017 we have being charge 50000 for DO CHARGE BY SHIPPING COMPANY AND 30000 FOR CFF CHARGES WE WHERE UNAWARE OF THIS TWO CHARGE JUST NEED TO KNOW ARE THE AMOUNT BEING MENTION ABOVE ARE OK FOR 20 " 2 CONTAINER I WOULD ALSO LIKE TO TAKE YOUR PROFESSINAL SERVICE TO EASY GOING OF OUR BUSS

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