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

Akhil: I need to know the charges of BOE which product is imported from USA

Kapila Chawda: Do we need to submit bill of entry to RBI in case of international transaction made?what if the bill of entry is misplaced?please clarify

GOKULA KRISHNAN: Sir we had lost the BOE for the consignment we had done on 2018. our freight forwarders are not responding. what is the procedure to get duplicate BOE by an importer?

Ashok Agarwal : BOE copy not served by the transporter for material exported to Bhutan. How to get a duplicate copy of the bill of entry

R.G.Pathan: I have just received shipment from US through Indian post.But I dose not get bill of entry it will affect on filling gat returns.In past when I was importing through UPS I was getting bill of entry with parcel. I have import license.

partha: We have given below the Contract Clause related to Custom Duty and Attached Clause Article 7 for Shipment , Article 13 contract Price. You are requested to provide the Input for for the Case indicate in bold letter. As indicated in Second para of Clause 13.3.2 a) Customs duties on goods of foreign origin, where applicable is “The customs duty (which for the avoidance of doubt, includes the basic customs duty the customs education cess and the Goods and Services Tax) payable on Equipment and Material as specified in price Schedules 1A and 34 of Exhibit D) is not included in the Contract price and shall be borne by the Owner subject to the terms of this Contract Provided, however that, where the Equipment & Material referred to in schedules 1A and 3A of Exhibit D are imported in the name of contractor, the owner shall be liable to reimburse to the contractor the basic customs duty and customs education cess at actuals (based on submission of the Bill of Entry filed by the contractor) over and above the Contract price. ln all such cases, the payment of basic customs duty, and customs education cess shall be capped to the maximum of the value of the basic customs duties and customs education cess forming part of Goods Customs Duties referred to in schedules 1A and 34 of Exhibit D or the amount paid by the contractor in terms of the Birr of Entry fired at the time of importation, whichever is lower and shall be subject to all other terms and conditions of this contract, as may be applicable thereon. Further, the Goods and services Tax in such case, shall be reimbursed by the owner to the contractor basis the Monthly progress invoice to be submitted by the contractor and not basis the Bill of Entry filed by the contractor. The Goods and service Tax shall be capped to the maximum of the rate of the integrated Tax forming part of Goods customs Duties referred to in schedules 1A and 34 of Exhibit D and shall be subject to all other terms and conditions of this Contract, as may be applicable thereon. The Project is covered under project import chapter 9g.01 of the First schedule to the custom Tariff Act, 1975 according to which concessional customs duty is payable. Benefits available under the project import Scheme has been considered by the Contractor while specifying the Contract price.” A) In above clause , if we brought the material in XYZ Co name then Client will reimburse the Actual paid Custom Duty, then what is our procedure in PO, LC, and Shipping process , Billing address, Consignee name Consignor name, Import Export Code and other . As indicated in last para of Clause 13.3.2 a) Customs duties on goods of foreign origin, where applicable is “The Project is covered under project import chapter 98.01 of the First schedule to the custom Tariff Act, 1975 according to which concessional customs duty is payable. Benefits available under the project import Scheme has been considered by the Contractor while specifying the Contract price.” B) As per above clause , If client receive the Essential certificate, Please indicate what will be implication in XYZ Co. PO, LC, and Shipment, Billing address, Delivery Address, Consignee name, Consignor name, Import Export Code and other ., As indicated in Second para of Clause 13.3.2 f) Customs duties on goods of foreign origin, where applicable “ln case the owner is not eligible to obtain the project import status for the project and is not eligible for concessional customs duty under chapter 98.01 or though eligible to obtain project import status such concessional duty under chapter 98.01 is not provided to the Project/owner for reasons not attributable to the contractor, the Goods customs Duties paid by the contractor shall be reimbursed on the basis of actual customs duties paid on the import of items specified in price Schedules 1A and 3A of Exhibit D. Provided however, if despite earlier denial of concessional duty under chapter 98.01, concessional duty under chapter 98.01 is subsequently granted then the reimbursement of the Goods customs Duties shall be at the project import duty rate as determined under the chapter 98.01 (subject to the aforesaid provisions), from the date the concessional duty under Chapter 98.O1 is granted. C) As per Above clause, Today client is thinking they will get essential certificate later on If Client do not get the certificate, Please indicate what will be implication in XYZ Co. PO, LC, Shipment, Billing address, Delivery Address, Consignee name, Consignor name, Import Export Code and other.

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