bill of entry

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suman (Querist)
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19 November 2010 We a importing set-top boxes from china to india. according to contract terms we have to make two advance payment installment of 15 % of total payment.and rest 70% after reciving goods. we have paide 1 st installment but when we send document for 2 nd inst.then bank is asking for bill of entry. i want to know that bill of entry should be filled when goods are recived in india.and not in case of advance payments.pls reply that they are right or wrong?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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19 November 2010 ACTUALLY BANK INTENTION IS RIGHT. SHOW THE IMPORT SALES CONTRACT & EMAIL ETC FOR THIS IMPORT AND EXPLAIN YOUR BANKER.

HOPE NO PROBLEM WILL BE CREATE YOUR BANK.

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