Monday, November 30, 2015

Import of Goods into India – Evidence of Import

An importer has to submit as evidence of import,
 (a) the exchange control copy of the Bill of Entry for home consumption;
(b) the exchange control copy of the Bill of Entry for warehousing, in the    case of 100% Export Oriented Units (EOUs); or
(c) Customs Assessment Certificate or Postal Appraisal Form as declared by the importer to the Customs Authorities.

RBI has allowed the following additions to the above list:
 (d) Bill of Entry issued by Customs Authorities named as Ex-Bond Bill of Entry or by any other similar nomenclature.
(e) Courier Bill of Entry, as declared by the courier companies to the Customs Authorities.

Based on RBI Circular dt 26/11/15. Please visit www.rbi.org.in for any further clarification if required…..   Poppy