Guidelines for Accurate Declaration and Provisional Assessment of Imported Cranes to Prevent Misdeclaration of Age and Capacity and Ensure Timely Finalisation of Bills of Entry.

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.... 10th FLOOR, ANNEXE BUILDING, NEW CUSTOM HOUSE BALLARD ESTATE, MUMBAI - 400 001 Date: 04.07.2024 Public Notice No: 08 /2024 Subject: - Instruction regarding proper description of cranes in import documents and need for provisional assessment to prevent misdeclaration of age and capacity of old and used cranes & finalisation of Bills of Entry after receiving RTO registration certificate....

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...., year of manufacturing, Model, Capacity etc., which are essential & crucial for establishing the identity of the import goods and valuation thereof. Some instances are illustrated below. 3.1. Illustration of improper description: (i) OLD & USED ZOOMLION QY5OV CRANE CHASSIS NO L5E5H4D33KA006465 WITH ACCESSORIES (improper description because capacity and year of manufacture are missing)....

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....emittance documents etc. 4. Need for provisional assessment of used cranes: Recent SIIB investigations have revealed that importers are availing the undue benefit of depreciation by declaring their cranes older or of lower capacity before Customs, while the same cranes when registered with State RTO, are being declared relatively newer or of higher capacity. The average misdeclaration of age in....

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....ssment shall be finalised immediately on submission of RTO registration certificate of the crane by the importer showing the matching year of manufacture, capacity etc. Accordingly, BG & Bond shall be returned forthwith to the importer. In case of mismatch/discrepancy, necessary action to protect revenue shall be taken by Group-5 in consultation with SIIB. 6. Extra vigil required by Docks Offic....