Bill of entry is lost

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2013 hi
We lost Bill of Entry duplicate & triplicate copy. As the transaction involve payment of GBP 1,86,000
It’s mandatory that the exchange control copy is to be submitted for payment over and above 1 lakh USD.

However, in exceptional cases like this one, following certificate may be submitted in lieu of BOE.

(i) A certificate from the Chief Executive Officer (CEO) or auditor of the company that the goods for which remittance was made have actually been imported into India provided :-

(a) the amount of foreign exchange remitted is less than USD 1,000,000 or its equivalent,
(b) the importer is a company listed on a stock exchange in India and whose net worth is not less than Rs.100 crore as on the date of its last audited balance sheet,

or, the importer is a public sector company or an undertaking of the Government of India or its departments.

Pls advice us how to close the issue

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

03 January 2013 The importer would approach their authorized bank with a request to obtain an attested/ certified copy of the Bill of Entry if available with them and obtain a dated acknowledgement. In case the importer is unable to get a copy from the bank, the importer would make a request to the Assistant / Deputy Commissioner (Statistics), clearly stating the purpose for issue of certificate supported by proof, along with following documents:

(i) A copy of the letter submitted to bank & their acknowledgement. If a reply has been received from the bank then copy of reply is also to be submitted.

(ii) A police complaint/ FIR as a proof of the EDI Bill of Entry having been actually lost (not required in case of mutilated B/E).

(iii) An indemnity bond (duly notarized in the required pro forma) to indemnify any loss of revenue to the Government due to misuse.

(iv) The mutilated copy of the EDI Bill of Entry (in case of mutilated B/E only).

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2013 thanks for reply

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!