Bill of Entry

Types of Bill of Entries:

1. Bill of Entry for Home Consumption
2. Bill of Entry for Ware Housing  in warehousing a) Bonding b) Debonding)

Customs department has specified three colors of Bill of Entry.

1. White colour of Bill of Entry  - is for Home Consumption
2. Green colour of Bill of Entry - is for De Bonding.
3. Yellow colour of Bill of Entry: is for  Bonding

Payment of Duty:

Importer is required to pay the duty within 5 days of completion of Assessment of B/E.

In Case delay of payment Interest would be charged 15% on duty payable for delayed no. of days beyond 5 days.

Important Note :  In Customs goods can be warehoused for period of 1 year, out of which 3 months are interest period.  Beyond 3 months interest would be charged at 15% P.A. applicable.

Bill of Entries should have five copies:

1.   Original – For Customs

2.   Duplicate

3.   Triplicate – For Importer

4.   EP Copy­­ – For Reserve Bank or any other bank

5.   Port Trust Copy