Importers to pay charges for late filing of Bill of entry
Updated: May 22, 2017 09:59:58am
Importers to pay charges for late filing of Bill of entry
New Delhi, May 22 (KNN) With effect from April 1, 2017, the Government has introduced charges for late filing of Bill of Entry. However, the Additional or Joint Commissioner can waive the charges if there are valid grounds.
The Central Board of Excise and Customs recently amended the Bill of Entry (Electronic Integrated Declaration) Regulations and Bill of Entry (Forms) Regulations – a part of the Customs Act, 1962 - to prescribe late charges for delayed filing.
After the amendment, the importer will be required to present the bill of entry before the end of the next day after the aircraft or vessel or vehicle carrying the goods has arrived at a customs station at which such goods are to be cleared for home consumption or for warehousing.
The free period for filing a bill of entry is till the end of the next day following the day of arrival of goods.
Charges for filing of Bill of Entry after the next three days would be at Rs 5,000 per day and charges for filing beyond next three days would be Rs 10,000 per day.
Entry arrival date at sea ports and arrival date of cargo at the airports, ICD, Land Customs stations would be the date for determining the charges.
Furthermore, no charges will be incurred for late presentation of Bill of Entry if the goods have arrived before the enactment of Finance Bill, 2017. (KNN Bureau)