Duty calculation in Advance filing of Bill of Entry in INDIA

 The information provided here is part of Online Export Import course 


Duty calculation in Advance filing of Bill of Entry in INDIA

 

 

As I have explained previously, the importer can file documents with customs before arrival of vessel, within 30 days of expected time of arrival of ship. The details has been mentioned in Section 46 (3) of Customs Act.

Duty calculation in Advance filing of Bill of Entry in INDIA

Here, the question is, if a bill of entry filed before arrival of vessel, the rate of duty under the said import consignment is calculated on what basis. Whether from the date of filing bill of entry or from the date of goods arrival. In such cases, the duty will be payable at the rate applicable on the date of arrival of ‘entry inward’ is granted to vessel.

So the duty can not be calculated on the date of presentation of Bill of Entry.   Also read How is assessable value calculated by customs for imports?      Assessment / Appraising procedures of Imported goods

Write procedures in your country. Please comment

 

 

The above information is a part of Export Import Online Tutorial

 

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Comments


Meena N: I need your help regarding custom duty of mobile phone. I am not businessman who imports in bulk. I am a consumer & I purchased a mobile phone worth 217 USD (Rs.14000 approx.) from website called Aliexpress.com. Seller send the mobile phone using Singapore post & after 20 days it reached FPO in my city Ahmedabad. After 7 days I got a letter from customs & my parcel was detained by Ahmedabad FPO. In letter they said to contact superintendent of Ahmedabad FPO. I called him & he asked me what is in the parcel ? I told it is mobile phone so he told me that than I need to pay 42% custom duty & Rs.6000 penalty because mobile phone is restricted to import. Now my question : Is he charging right ? 42% for mobile phone ? and what is penalty ? I didn't read anywhere about penalty in customs website.

Mahabalesh Hugar: Your blog on export and import is very good and helpful for most of the entrepreneurs out there. I just had few questions. 1. Can you plz attach a sample image of packaging list, purchase order, invoice and other documents on your blog. it would be really very helpful. 2. Is it necessary to have the hard copy(original) of the purchase order, or a soft copy sent through email is enough to carry on with business.

Admin: Hi Meena N, Consult an expert when buying through internet, as many of the buyers through internet does not know about import VAT,TAXES or duties.

ashwin : can you shed some light about FTWZ and SEZ's. its still not clear for many people. please detail out if there s any difference in procedures?

Govind: I want to know calculation of Additional CVD 4%

PARVEEN KUMAR: Dear Sir, Good Evening, please help me, I want to know if our shipment is freight collect,and shipment have two invoice then how to devide the freight amount in checklist for both invoices?

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