Bill of entry & airway bill

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pooja sharma (Querist)
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16 March 2013 Dear Sir/Madam

Please help me out to tell about Bill of
entry and air way bill.

what is the proper definition for Bill of Entry and air way bill, what the role of these documents in import & Export and the processor for the same.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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23 March 2013 bill of entry filed when the goods imported on the other hand airway bill Generated by airlines @ export of goods.

for taking DGFT / EXCISE / CUSTOM INCENTIVE THE SAID DOCUMENTS SUBMIT AS PER PROOF OF EXPORT IMPORT.

NOTED THAT:

A Bill of Entry also known as Shipment Bill is a statement of the nature and value of goods to be imported or exported, prepared by the shipper and presented to a customhouse. The importer clearing the goods for domestic consumption has to file bill of entry in four copies; original and duplicate are meant for customs, third copy for the importer and the fourth copy is meant for the bank for making remittances.

If the goods are cleared through the EDI system, no formal Bill of Entry is filed as it is generated in the computer system, but the importer is required to file a cargo declaration having prescribed particulars required for processing of the entry for customs clearance.

AMENDMENT
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Whenever mistakes are noticed after submission of documents, amendments to the bill of entry is carried out with the approval of Deputy/Assistant Commissioner.

AIRWAY BILL
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Air Waybill (AWB) or air consignment note refers to a receipt issued by an international airline for goods and an evidence of the contract of carriage, but it is not a document of title to the goods. Hence, the air waybill is non-negotiable.

FOR MORE INFO:

http://www.srilankancargo.com/faq/airway-bill-guide

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