Clearing of goods through bill of entry

This query is : Resolved

Sonal Kulshreshtha (Querist)
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11 June 2010 At the time of export the shipper entered the value of goods wrongly as USD 30 looking only at packing list. But the actual value of goods was around USD 400. Is it possible to get clearance of the goods at importer's port on the basis of invoice and get bill of entry corrected?

What if the goods get cleared with wrong bill of entry? how the payment will be made to exporter as on the proof of import the value of goods is incorrect.

Please help me.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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14 June 2010 If it is better to revise bill of entry before clearnace, otherwise at the time of payment to exporter, you have to face problem when you submit bill of entry lesser than the payment is to be made.

If material is got cleared with wrong bill of entry, even if you have to write a letter to make a bill of entry of differtial amount. So that you have not to face problem at the time of payment to exporter.

Beacuse bank will demand bill of entry as proof of import value , which will be USD 30 agaisnt which you are asking to bank remittance of USD 400. Bank will not made payment agasint it.