Validity period for Application of concessional rate of Duty & time extend applicable of not plz. reply

[Om Shrimali]

Dear All

 

Plz provide detail for Concessional rate of Duty for Import  Goods our application issued on 11/02/2011 & our import goods arrive on aprox  10th march 12 plz adivce me if any amendment possible for this application

AI Summary

Clarification on Duty Rate Validity: Determined by Vessel Entry Date or Bill of Entry Filing per Section 15, Customs Act 1962. A user inquired about the validity period for a concessional duty rate application for imported goods, issued on February 11, 2011, with goods expected to arrive around March 10, 2012. The respondent clarified that the applicable duty rate is determined by the date of the vessel's entry or the filing of the Bill of Entry, as per Section 15 of the Customs Act, 1962. If claiming duty exemption based on a DEEC or similar license, the license must be valid on the shipment date. The license may be endorsed to cover already shipped goods, subject to approval.