Procedure for reassessment of import bill of entry
This query is : Resolved
Partha P Bhattacharya
(Querist)
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
RAMESH KUMAR VERMA
(Expert)
07 September 2013
read Circular No.17/2011- Customs dtd 08.04.2011
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
