Procedure for reassessment of import bill of entry
This query is : Resolved
03 September 2013
What is the step-wise procedure to get an assessed Bill of Entry reassessed after adjudication of appellate review and adjudication.
The clearance was not provisional. Instead, it was merit-based per revenue interpretation. Hence, a case where we paid higher import duty and filed the appeal. The tricky part of it is that Commissioner (Appeals) accepted the concessional duty notification to be invoked and have reduced the BCD from 10% to 5%, but not the corresponding CVD. That means there will be an impact on the CVD too for claim of refund.
Suggestions are welcome on:
1. Procedure of reassessment
2. Do we need to reverse the CENVAT credit availed through CVD levied in original assessment.
2. Does it require a certificate of Excise Department??
Best Regards
PP Bhattacharya
The clearance was not provisional. Instead, it was merit-based per revenue interpretation. Hence, a case where we paid higher import duty and filed the appeal. The tricky part of it is that Commissioner (Appeals) accepted the concessional duty notification to be invoked and have reduced the BCD from 10% to 5%, but not the corresponding CVD. That means there will be an impact on the CVD too for claim of refund.
Suggestions are welcome on:
1. Procedure of reassessment
2. Do we need to reverse the CENVAT credit availed through CVD levied in original assessment.
2. Does it require a certificate of Excise Department??
Best Regards
PP Bhattacharya
07 September 2013
read Circular No.17/2011- Customs dtd 08.04.2011
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