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of <h1>New Regulation: Importers Must File Bill of Entry Within One Day Post-Arrival or Face Daily Penalties.</h1> The Bill of Entry (Forms) Amendment Regulations, 2017, issued by the Central Board of Excise and Customs, amends the 1976 regulations. It mandates that importers or authorized customs brokers present the bill of entry by the next day after the arrival of goods at a customs station, excluding holidays. Failure to comply incurs charges of INR 5,000 per day for the first three days and INR 10,000 per day thereafter. The charges may be waived if the delay is justified. No charges apply if the cargo arrived before the Finance Bill, 2017, received presidential assent.
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