Amendment of Bill of Entry for Assessable Value

[BRIJMOHAN GOYAL]

Dear Sir,

Please guide us on below issue:-

If Bill of Entry has wrong file ( More Value due to Euro in place of USD) with higher assessable value and goods also cleared , have any chances for amendment of Bill of Entry to original Invoice value by Customs.?

We had import Carbon Steel Plates for Home consumption and our PO was in USD , due to oversight , the currency indicated in B/E is EURO hence Bill of Entry was assessed with exchange rate ₹ 72/- (INR/EURO) in place of ₹ 53/- (INR/USD) which was higher by 35%(approx.) and duty paid accordingly.

Now, it was noticed that B/E was assesses on higher value so we want expert advise on :

(1) Possibility for amendment of B/E

(2) Is there any time limit to re-call and amend B/E

(3) Documents required for filing the request for B/E amendment.

Regards,

BM Goyal

AI Summary

Amend Bill of Entry for Incorrect Exchange Rate via Section 149 of Customs Act with Proper Documentation A forum participant inquired about the possibility of amending a Bill of Entry due to an incorrect currency exchange rate, resulting in a higher assessable value. Respondents advised that amendments could be pursued under Section 149 of the Customs Act, 1962, as long as documentary evidence, such as invoices, was available at the time of goods clearance. There is no specific time limit for such amendments. It was suggested to submit relevant documents to Customs and potentially file a refund claim if the amendment is successful. Another participant requested information on pre-shipment and post-shipment documents for export-import.