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.
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
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