Remittance without triplicate exchange control copy

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2011 Dear All,

Can anybody provide me solutions for my below query:-

We have imported some material though Courier from america one year back, now while making payment we have seen that we are not having triplicate exchange control copy or any other documents for Custom Duty paid, now how we can remitt the amount to the party ??

Thanks in advance

Dharmendra darji

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
Follow

17 August 2011 In 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.

Packages upto 70 Kgs. of weight can be imported to India through courier mode. However, there is no such weight limit for export of goods through courier from India.

Procedural Formalities for Clearance of Import Goods:

The Regulations require the above three categories of goods to be packaged distinctively in identifiable courier company bags with appropriate labels. This is because, the scheme of assessment and clearance of the goods is different for the three categories. Essentially, the goods in the first two categories do not attract any customs duty. Therefore, simplified Bills of Entry (Courier Bill of Entry-III for documents and Courier Bill of Entry-IV for samples and free gifts) have been specified for their clearance. One single Courier Bill of Entry is sufficient for clearance of any number of such goods imported by any Authorised Courier on a particular flight. It is, however, necessary that for the purpose of clearance of documents, the manifest filed by the Authorised Courier specifies the nature of document i.e. whether letters, brochures, catalogues, manuals, etc. This is necessary to verify that indeed the item of import viz., ‘document’ is duty free and deserves to be cleared under CBE-III of the regulations. For clearing dutiable or commercial goods, Form Courier Bill of Entry-V is required to be filed. This Form can contain a number of individual consignments imported by one courier on behalf of more than one consignee. There is no limit as regards the quantity of dutiable or commercial goods which can be imported through the courier. These goods are assessed to duty on merits like any other imported goods, and exemption, wherever available, is allowed to such imports when claimed.

It may be mentioned that the value limit prescribed for samples and free gifts is exclusive of freight and insurance element. However, in case of goods valued above 5,000/-, freight and insurance is added to calculate the duty payable.

fr more info:-

http://www.ieport.com/Customs_manual/manual_17.htm

The simplified procedure for filing Courier Bills of Entry does not apply to all goods. The regulations stipulate that for certain categories of imports, a regular Bill of Entry prescribed in the Bill of Entry (Forms) Regulations, 1976 is to be filed. These include, (a) goods imported under duty exemption scheme applicable to EOUs and units in EPZs; (b) goods imported under DEPB, DEEC and EPCG Schemes; (c) goods imported against the license issued under the Foreign Trade (Development and Regulation), Act, 1992 and (d) goods imported by a related person defined under the Customs Valuation Rules, 1988.

ask your party for produce the evidence for payment.

for more info:-

http://www.eximkey.com/contents/showpage1.asp?pageid=8910

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