Bill of Entry 

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

For the aim of giving information, goods are classified into 3 categories,

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

(2) Goods for Home Consumption: This merchandise is imported for self-consumption.

(3) Secured Goods: where goods are subject to customs duty, until duty is paid, merchandise is kept in Bond.

Contents of Bill of Entry

1. Name and address of the businessperson.

2. Name and address of exporter.

3. Import licence number.

4. Name of the port wherever goods are to be cleared.

5. Description of products.

6. Price of products.

7. Rate and price of import duty payable.

How to file Bill of Entry manually? 

 After starting of filing bill of entry electronically by the customs department of the country, the process and formalities have been simplified like anything, apart from the globalization of trade.

 Which are needed that four hard copies of the bill of entry are to be filed? First and second copies for customs, third copy for importer and forth copy for Reserve Bank through the authorized dealer bank of the importer.

Complete details given by customs are mentioned in Bill of Entry with duty calculation manually typed. No process is completed as the first entry of Bill of Entry with the concerned officer of customs. In the first check, appraisement goods are examined before value assessment. An ‘open order’ is obtained from the concerned officer of customs on the backside of the bill of entry, normally in a duplicate copy of the bill of entry. This type of examination report is authorized by senior officers of customs. In the first check procedures of value appraisement, the assessment is completed after the examination of goods. After the value appraisement, the import duty is paid and ‘pass out of customs’ is obtained in the bill of entry. The Importer can arrange to take delivery of goods after paying the necessary payment to the custodian of goods if applicable.

 In the second check appraisement procedures, the examination of goods is undertaken after value assessment. After the completion of inspection procedures and effecting payment of import duty, pass out of order is obtained from the proper officer of customs which is the last import clearance procedures.

How to file Bill of Entry on line?

Let’s discuss regarding the importance of filing Bill of Entry at intervals such amount under import of products acquired destination customs location, registration of IEC ( Import Export Code ) details at every import customs location if not registered, filing crucial documents together with Bill of Entry electronically through code of customs department.

According to government norms, every importer needs to file ‘‘Bill of Entry’’ with the individual customs station to file import customs clearance documents under his consignment acquired the aforesaid customs station at intervals thirty days of the arrival of products. Bill of Entry could be a legal instrument to be filed necessary. Either an importer or a Customs house agent (CHA) appointed by him will file the bill of entry. so as to import any merchandise to India, an importer needs to acquire IEC  ( Import Export Code ) from Director General of Foreign Trade ( DGFT). This Import Export Code detail is connected electronically with the customs department, once importer obtained IEC with DGFT. With that, approved dealer code details have to be compelled to be updated with entry port customs at the time of initial shipment of import.

Independent economic process and implementation of digital electronic exploration created easy to complete import customs clearance procedures.  A Bill of Entry is often filed electronically from CHA’s place or through EDI (Electronic information Exchange) service centres acting at every customs station.

CHA downloads ICE GATE (Indian Customs Electronic entry) package serving for customs just the once in their computer system and registers their license details. When approving constant, CHA will file the bill of entry at their workplace. The package activates twenty-four hours on a daily basis. Within the time of filing bill of entry the main points of products, worth amount, exemption details, customs tariff, declaration and different details area unit to be properly mentioned. Once when making ready the main points of bill of entry in their computer, a checklist is ready. That checklist is cross verified with the import documents received with them.

When confirming all is so as, the aforesaid filed bill of entry type is uploaded electronically. Bill of Entry range is generated serially. No original documents area unit created at now with customs. If the bill of entry is filed from EDI, when submitting the Bill of entry details a checklist copy is issued to CHA. CHA needs to verify properly with the documents and make sure all is so as. CHA signs the copy of the checklist and submits to induce bill of entry number. No original documents area unit created with customs authorities at this time of your time. Registering of the bill of entry electronically or manually is termed ‘noting’.

Can Bill of Entry be filed before arrival of goods at the destination?

Yes, the bill of entry can be filed before 30 days of arrival of vessel as per section 46 (3) of Indian Customs Act.