How to prepare bill of entry (debonding)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2014 sir,

please tell me the procedure of Debonding through AIRPORT warehouse.

and how to prepare and file bill of entry for home consumption for 100% EOU (capital goods)

machines were purchase in 2004 and what is the treatment of depreciation on machine

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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14 January 2014 A Bill of Entry also known as Shipment Bill is a statement of the nature and value of goods to be imported or exported, prepared by the shipper and presented to a customhouse. The importer clearing the goods for domestic consumption has to file bill of entry in four copies; original and duplicate are meant for customs, third copy for the importer and the fourth copy is meant for the bank for making remittances.
If the goods are cleared through the EDI system, no formal Bill of Entry is filed as it is generated in the computer system, but the importer is required to file a cargo declaration having prescribed particulars required for processing of the entry for customs clearance.
In the non-EDI system along with the bill of entry filed by the importer or his representative the following documents are also generally required:-

Signed invoice

Packing list

Bill of Lading or Delivery Order/Airway Bill

GATT declaration form duly filled in

Importers/ CHA’s declaration

License wherever necessary

Letter of Credit/Bank Draft/wherever necessary

Insurance document

Import license

Industrial License, if required

Test report in case of chemicals

Adhoc exemption order

DEEC Book/DEPB in original

Catalogue, Technical write up, Literature in case of machineries, spares or chemicals as may be applicable

Separately split up value of spares, components machineries

Certificate of Origin, if preferential rate of duty is claimed

No Commission declaration