Wednesday, November 12, 2008

Types of Bill of Entry

Home Consumption Bill of Entry:
This type of Bill of Entry used to take the cargo directly to the Party. The Proper officer is satisfied that any goods entered for home consumption are not prohibited item and the importer has paid the import duty. The customs officer may issue an order permitting clearance of the goods from customs to party warehouse.

Warehouse Bill of Entry – INBOND:
If the Importer does not want to use the entire stock immediately or he is not in a position to pay the full customs duty livable on the goods. He can file an In Bond Bill of Entry for warehousing the goods Bonded at any Public Bonded Warehouse or Private bonded Warehouse.

EX – BOND Bill of Entry for Home Consumption:
In this type of Bill of Entry used to clear the cargo in required parts. The cargo, which was stored in any warehouse (Pvt / Govt), using In Bond is delivered to party. An Examination is already done only the Bonding Inspector to check the cargo and noted in a stock account book and delivered to consignee. The Inspector signs on the gate pass before the cargo goes out of the CFS
Bonded yard (bonded warehouse):
Bonded yard is a open premise maintained by a Clearing and Forwarding agent with the approval and supervision of the Customs department. Any defects and receipts issue of Cargo from the bonded yard should obtain the permission from the concerned Customs official. For the receipt and shipment of dry bulk cargo like Timber logs, bonded yard is being used. Bonded yard help the Stevedores to load or unload the vessels in a short time as most of the bonded yards are nearer to the Port.

2 comments:

Admin said...

Grate Information about Bill Of Entry

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