Bill of Entry

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Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2011 Dear Sr,

what is bill of entry and also submission of bill of entry under Import Export act

Thanking you

Ram Avtar Singh

Ram Avtar Singh (Expert)
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14 May 2011 Bill of entry is proof of imports which should be submitted to the Bank by the importer

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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14 May 2011 Agree with experts.

The Bill of Entry to be presented by an importer of any goods for home consumption or for warehousing or for ex-bond clearance for home consumption shall be in Form I or Form II or Form III, as the case may be.

it has three types:-

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Bill of Entry For Home Consumption

Bill of Entry For Warehousing

Bill of Entry For Ex-bond Clearance for Home Consumption

for more information link is:-

http://www.cbec.gov.in/customs/cs-act/formatted-htmls/cs-regulationt.htm

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Rajan Kapoor

Rajan Kapoor (Expert)
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14 May 2011 It is a document certifying that the goods of specified description and value are entering into the country from abroad.

Bill of Entry are of three types :-

Bill of Entry for home consumption: is to be submitted when the imported goods are to be cleared on payment of full duty for consumption of the goods in India. It is white colored.

Bill of Entry for Warehouses : is to be submitted when the imported goods are not required immediately by the importer but here they are to be stored in a warehouse without payment of duty under a bond and cleared later when required on payment of duty.

Bill of Entry for Ex-Bond Clearance : is used for clearing goods from the warehouse on payment of duty. The goods are classified and valued at the time of clearance from the Customs Port. Value and classification are not determined on such Bill of Entry.