Prior Entry for Bill of Entry

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....f presentation of Bill of Entry. 9.2 Often, goods coming by container ships are transferred at intermediate ports (like Colombo) from mother vessel to smaller vessels called feeder vessels. At the time of filing of advance Bill of Entry, the importer does not know which vessel will finally bring the goods to Indian port. In such cases, the name of mother vessel may be filled in on the basis of th....

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.... ten thousand per day for each day of default thereafter. [Refer Notification 26/2017-Cutoms (N.T.) dated 31.03.2017] 9.5 Section 46 of the Customs Act, 1962 has been amended vide the Finance Act, 2021. These changes facilitate pre-arrival processing and assessment of Bills of Entry (BE) by mandating their advance filing thus leading to significant decrease in the Customs clearance time. The ame....