Import - Export

901 Words Mar 27th, 2012 4 Pages
General Provisions about Customs Procedures Basic document is ‘Entry’ Entry’ in relation to goods means entry made in Bill of Entry, Shipping Bill or Bill of Export. In case of import by post, label or declaration accompanying goods is ‘entry’
Loading and unloading at specified places only Imported goods can be unloaded only at specified places. Goods can be exported only from specified places.
Computerisation of customs procedures Customs procedures are largely computerised. Most of documents have to be e-filed.
Amendment to documents Documents submitted to customs can be amended with permission In case of bill of entry, shipping bill or bill of export, it can be amended after clearance only on the basis of documentary evidence
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Entry Inwards Goods can be unloaded only after grant of ‘Entry Inwards’.
Risk Management System Self Assessment on basis of ‘Risk Management System’ (RMS) has been introduced in respect of specified goods and importers.
Bill of Entry for home consumption on payment of customs duty Importer has to submit Bill of Entry giving details of goods being imported, along with required documents. Electronic submission of documents is done in major ports.
White Bill of Entry is for home consumption. Imported goods are cleared on payment of customs duty.
Bill of Entry for warehousing Yellow Bill of Entry is for warehousing. It is also termed as ‘into bond Bill of Entry’ as bond is executed. Duty is not paid and imported goods are transferred to warehouse where these are stored. Green Bill of Entry is for clearance from warehouse on payment of customs duty. It is for ex-bond clearance.
Noting, examination and assessment Bill of Entry is noted, Goods are assessed to duty, examined and pre-audit is carried out. Customs duty is paid after assessment.
Bond Bond is executed if required if assessment is provisional (PD bond) or concessional rate of customs duty is subject to certain post import conditions.
Out of customs charge order Goods can be cleared outside port after ‘Out of Customs Charge’ order is issued by customs officer. After that, port dues, demurrage and other charges are paid and goods are cleared.
Demurrage if

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