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When shipping products overseas, customs clearance is necessary. The shipper must provide documentation proving the payment of customs duties before the package can be processed, even if the consignment has been cleared.
Custom clearance procedure
Bill of Entry
This is the first step toward the custom clearance procedure. The customs officer will assign to check the paperwork of the desired shipment. The customs clearance procedure officer is going to file bills in 4 copies such as the original and the duplicate one for the customs, the third copy for the importer to keep, and thereafter, the fourth copy for the bank to make remittances. The bills will be computerised.
Assessment
The major functions of the assessing officer for custom clearance procedures are as follows
To determine the duty liability.
Take due note of any exemption or benefits that have been claimed under export promotion schemes.
To check if there is any restriction in the wholesome procedure.
Proper classification of the goods exported or imported.
Note of the invoice and other declarations submitted at the time of bill of entry.
Undertake note of consecutive values and other detail on valuation available with the custom houses.
EDI Assessment
The assessment officer by undertaking all the parameters carefully processes the cargo declaration manually. In the EDI system, all the calculations are computerised. In addition to this, the system also provides sufficient information for the calculation of Duty. The assessment officer may raise a query for clarification and this query can be processed under the service centre.
After the evaluation is done, the assessed bill of entry is printed in the service centre. In EDI, the documents are usually examined at the time of examination of the goods themselves. Thereafter, the final bill of entry is printed.
In the EDI system, in some cases, a provision system appraisal is available. The system itself calculates the duty that has to be paid by the importer. No such assessment officer is involved.
A facility for telephone enquiry is also available in some of the Customs clearance procedure stations. This can ascertain the status of documents that have been filed through the EDI systems. Any query if raised can easily be printed through fax.
Modification to the bill of entry
After collecting the required documents, the customs officer will check whether there would be any alteration required. This can be done after permission is taken from the Deputy/ Assitant Commissioner.
Green Channel Facility
Some importers and exporters are provided with the Green Channel Facility. This ensures that there is no such need for a routine examination procedure for the checking of goods. Instead, under the Green Channel Facility, the declaration in the declaration form will be made at the time of bill of entry. There would be a normal procedure instead of any physical examination of the goods.
Payment of the Duty
All the importers and the exporters need to pay the duty through TR-6 challans. Various customs houses have numerous bank branches, that are meant to deposit the duty at. One must make sure to check the name of the Bank before depositing the duty.
Prior Entry for Shipping Bill
If an importer wishes to fill the bill of entry before the arrival of the goods, it can be done easily. The bill of entry will be valid if the goods have arrived 30 days before the actual date of presentation of the shipping bill.
Specialised Bonds
Under specialised schemes such as DEEC and EOU, the import of goods needs to execute strong bonds with the customs clearance procedure authorities. At the time of the failure of the bond, the importer is required to pay the duty that has been remarked on those goods. The amount of bond will be equal to the amount of duty that has been livable on the imported goods. One must make sure to exhibit the bank guarantee along with the bond. The amount of the bank guarantee depends upon the prestigious status of the importer. process
Bill of entry for warehousing
There is altogether a different form of a bill of entry for customs clearance procedure of goods for warehousing procedure. The evaluation for this bill is done exactly as the normal bill of entry thereafter, the duty payable is considered.
Delivery of Goods
This can easily be done once the whole process of the bill of entry is done in a legalized manner. On confirming the customs clearances to the port officials, the importer can take the delivery of his goods. In the state of cargo stored in a warehouse, the importer will display different bills of entry called the ex-bond bill of entry to clear the entire or portion of the warehoused cargo.