Voluntary disclosure in customs enables amendment of under-declared Bills of Entry with reassessment and duty plus interest payable. Voluntary post-clearance correction of RMS-facilitated Bills of Entry is allowed if made promptly, supported by original B/E, Bill of Lading, invoice and packing list, and if quantities/packages do not exceed IGM/Bill of Lading. Amendments will be examined under the Customs Act and, if admissible with JC/ADC approval, will be effected by cancelling out-of-charge and re-assessing the B/E in EDI. Re-assessment requires payment of differential duty via TR 6 and interest; penalties are generally not invoked for bona fide disclosures.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Voluntary disclosure in customs enables amendment of under-declared Bills of Entry with reassessment and duty plus interest payable.
Voluntary post-clearance correction of RMS-facilitated Bills of Entry is allowed if made promptly, supported by original B/E, Bill of Lading, invoice and packing list, and if quantities/packages do not exceed IGM/Bill of Lading. Amendments will be examined under the Customs Act and, if admissible with JC/ADC approval, will be effected by cancelling out-of-charge and re-assessing the B/E in EDI. Re-assessment requires payment of differential duty via TR 6 and interest; penalties are generally not invoked for bona fide disclosures.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
