26 March 2009
In course of import in to India our customer had wrongly filed bill of entry using our vendor invoice instead of our invoice. the Po is in US dollars. This happened in the month of Oct 08. Our customer is not willing to revise bill of entry. Our vendor invoice is for a very low value as a result of which we might be paid very less when compared to Po value. How can this be resolved.
28 March 2009
Difficult to resolve. There is no prvision of revision of Bill of entry in customs. If he tries that, a charge of undervaluation will be slapped on him. Further, he will not be able to remit any money over and above the declared value on the invoice, as that invoice must have been submitted to the bank for remittance within 21 days of clearance of goods.
02 April 2009
Thanks a lot for your reply. Is there any way out thorough which we can claim our balance payments? (difference between our invoice and supplier invoice value
CAclubindia
