Hi!
What is the time limit for depositing bill of entry with the bank?
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Time limit for depositing bill of entry
Replies (5)
Three months from the date of remittance.
Within 90 days
| Originally posted by : Vikash Kumar | ||
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Three months from the date of remittance. |
 |
Are there any penalties for not late deposit / Non deposit?
In the link below, it is only stated that the authorised dealers(banks) shall followup with the Importers
https://www.rbi.org.in/scriptts/ECMUserParaDetail.aspx?Id=97&CatID=14
In case of late deposit, generally bank charges some penalty after reminder & in case of non filing you may face various inquires upon filing of non-submission report by concerned bank with RBI.
Agreed with above answers
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