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TaxTMI 
TaxTMI 
TaxTMI 
BILL OF ENTRY
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....ILL OF ENTRY<br> Query (Issue) Started By: - PAWAN KUMAR SHARMA Dated:- 5-8-2010 Last Reply Date:- 11-8-2010 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>Date of filing of BE with Bank from whi....
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....ch payment is made in foreign currency including LC/DP etc. WHAT LOSS WE WILL BEAR ON ABOVE NON COMPLIANCE Reply By Surender Gupta: The Reply: Do you want to say that you have borrowed foreign excha....
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....nge for making payment towards import of goods but could not import the goods and therefore, could not submit BE with the bank? If it is so, are you able to prove the situation beyond control or reaso....
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....ns? or it is merely a con-compliance of filing of BE but you have imported material and no contravention relating to imported of goods and remittance of foreign exchange? You need to specify you query....
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.... more clearly and in detail. Reply By Joginder Pal: The Reply: After the payment is made from the bank in foreign currency, one is required to file the Bill of Entry, claiming clearance under the Cust....
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....oms Act and after clearance of the goods, to forward the exchange control copy of B/E to the bank which completes liability of the party forwarding the foreign exchange, failing which necessary action....
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.... can be initiated under FEMA.<br> Discussion Forum - Knowledge Sharing ....