Import of raw material by courier
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2012
How should i realise the import value of raw material by courier becoz there is no bill of Entry?
22 May 2012
n the International Trade import and export of high value, low weight goods through Courier by air has come into vogue for quite sometime. For regulating the said import and export, the Government of India had framed Courier Imports (Clearance) Regulation in 1995 and has subsequently revised it by framing an up to date Courier Imports and Exports (Clearance) Regulations in 1998. Private companies have been registered as authorised couriers in the International Airports at Mumbai, Delhi, Chennai, Calcutta, Bangalore, Hyderabad, Ahmedabad and Jaipur by the Customs Commissioner of the respective places.
All types of goods can be sent through the courier mode into India and out of India except few articles. The goods which are prohibited for import through courier are:
Animals & parts thereof or plants & parts thereof,
perishable goods,
publications containing maps showing incorrect boundaries of India,
Gold or silver in any form,
Precious and semi precious stones & Studded jewellery,
Chemicals of chapter 28, 29 & 38 of the first schedule to Customs Tariff Act which need testing
Similarly, the export of the following goods are also restricted:
Goods which are subject to levy of any duty on their export,
Goods proposed to be exported with claim for Draw Back of Customs duty,
Goods exported under Duty Entitlement Pass Book Schemes or Duty Exemption Scheme or Export Promotion Capital Goods Scheme, and
Goods where the value of consignment is above Rs. 25,000/- and Waiver from the RBI not to bring in Foreign Exchange is not available,
Samples, Gifts and Trade Goods:
(1) Document on any form including messages, information or data recorded on papers, cards, photographs which are not subjected to any prohibition or restrictions can be imported and exported.
(2) Bonafide commercial samples can be imported through courier provided the said samples are being received free of cost (see Import of Samples). Similarly, gifts from persons abroad upto the value of Rs. 5,000/- and all the life saving drugs and equipments which are not chargeable to any duty at present (see Notification 20/99-Cus) can also be sent to India through the courier mode.
(3) Commercial goods which are dutiable can also be imported through the courier without any restriction of quantity subject to payment of duty by the courier company at the time of clearance of the said goods from the Customs.
must read:
https://www.cbec.gov.in/js-menu/imp-cour6.htm
https://www.cbec.gov.in/js-menu/imp-cour3.htm
https://www.cbec.gov.in/js-menu/imp-cour5.htm
https://www.cbec.gov.in/js-menu/imp-cour7.htm
All types of goods can be sent through the courier mode into India and out of India except few articles. The goods which are prohibited for import through courier are:
Animals & parts thereof or plants & parts thereof,
perishable goods,
publications containing maps showing incorrect boundaries of India,
Gold or silver in any form,
Precious and semi precious stones & Studded jewellery,
Chemicals of chapter 28, 29 & 38 of the first schedule to Customs Tariff Act which need testing
Similarly, the export of the following goods are also restricted:
Goods which are subject to levy of any duty on their export,
Goods proposed to be exported with claim for Draw Back of Customs duty,
Goods exported under Duty Entitlement Pass Book Schemes or Duty Exemption Scheme or Export Promotion Capital Goods Scheme, and
Goods where the value of consignment is above Rs. 25,000/- and Waiver from the RBI not to bring in Foreign Exchange is not available,
Samples, Gifts and Trade Goods:
(1) Document on any form including messages, information or data recorded on papers, cards, photographs which are not subjected to any prohibition or restrictions can be imported and exported.
(2) Bonafide commercial samples can be imported through courier provided the said samples are being received free of cost (see Import of Samples). Similarly, gifts from persons abroad upto the value of Rs. 5,000/- and all the life saving drugs and equipments which are not chargeable to any duty at present (see Notification 20/99-Cus) can also be sent to India through the courier mode.
(3) Commercial goods which are dutiable can also be imported through the courier without any restriction of quantity subject to payment of duty by the courier company at the time of clearance of the said goods from the Customs.
must read:
https://www.cbec.gov.in/js-menu/imp-cour6.htm
https://www.cbec.gov.in/js-menu/imp-cour3.htm
https://www.cbec.gov.in/js-menu/imp-cour5.htm
https://www.cbec.gov.in/js-menu/imp-cour7.htm
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