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Customs - Board's Circulars31.03.2017

Clarification regarding legislative changes relating to Customs Act, 1962 proposed in the Finance Bill, 2017.

Document Text

Circular No. 12/2017- Customs F.No.450/10/2017-CusIV Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs To, North Block New Delhi, the 31st March, 2017 All Principal Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive) All Principal Chief Commissioners/Chief Commissioners of Customs & Central Excise All Principal Commissioners/Commissioners of Customs/Customs (Preventive) All Principal Commissioners/Commissioners of Customs & Central Excise Sir/Madam, Subject: Clarification regarding legislative changes relating to Customs Act, 1962 proposed in the Finance Bill, 2017-reg. Kind reference is invited to proposals in the Finance Bill, 2017 relating to amendments in sections 46 and 47 of the Customs Act, 1962.These changes would come into effect upon enactment of the said Finance Bill. Clarifications have been requested regarding applicability of the new provisions vis- 2. a-vis arrival of goods and filing of bill of entry. Changes in Section 46 of the Customs Act 3. The amendments in the section are aimed at prescribing a late charge for delayed filing of Bill of Entry (BoE). As per the amended Section 46 the importer shall present the bill of entry under sub-section (1) of section 46 before the end of the next day following the day (excluding holidays) on which the aircraft or vessel or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or for warehousing. The free period for filing a BoE is up to the end of the next day following the day (excluding holidays) of arrival of goods at the place where the clearance for home consumption or warehousing is to take place. 4. In this regard, Board has amended Bill of Entry (Electronic Integrated Declaration) Regulations, 2011 and Bill of Entry (Forms) Regulations, 1976 to prescribe late charges for delayed filing. Entry Inwards date at sea ports and date of arrival of cargo at the ICD, airports, Land Customs stations etc would be the relevant date for determining the said charges, if any. It has also been clarified in both the regulations that no charges for late

Source: Government of India — Customs - Board's Circulars, dated 31.03.2017. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.

HS Codes Referenced

1962197620112017

Acts & Provisions Referenced

  • Customs Act, 1962.
  • Customs Act, 1962 proposed in the Finance Bill, 2017-reg.

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