Page 169 - DCOM308_DCOM502_INDIRECT_TAX_LAWS

Indirect Tax Laws

Notes the warehouse. (References: Bill of Entry (Forms) Regulations, 1976, ATA carnet (Form Bill of
Entry and Shipping Bill) Regulations, 1990, Uncleared goods (Bill of entry) regulation, 1972, ,
CBEC Circulars No. 22/97, dated 4/7/1997, 63/97, dated 21/11/1997).

Notes Some major importers have been given the green channel clearance facility. It
means clearance of goods is done without routine examination of the goods.

Self Assessment

Fill in the blanks:
1. ................................... allows transit without payment of duty.
2. If the goods are cleared through the ................................... system no formal Bill of Entry is
filed as it is generated in the computer system.
3. The ................................... clearing the goods for domestic consumption has to file bill of
entry in four copies; original and duplicate are meant for customs.

4. Under the EDI system, the importer does not submit documents as such for assessment but
submits declarations in electronic format containing all the relevant information to the
................................... Centre.
5. On receipt of the examination report the appraising officers in the group assesses the
...................................

10.2 Clearance Procedure of Exported Goods

For clearance of export goods, the export or his agents have to undertake the following formalities:
(a) Registration

35. The exporters have to obtain PAN based Business Identification Number (BIN) from the
Directorate General of Foreign Trade prior to filing of shipping bill for clearance of export
goods. Under the EDI System, PAN based BIN is received by the Customs System from the DGFT
online. The exporters are also required to register authorised foreign exchange dealer code
(through which export proceeds are expected to be realised) and open a current account in the
designated bank for credit of any drawback incentive.
36. Whenever a new Airline, Shipping Line, Steamer Agent, port or airport comes into operation,
they are required to be registered into the Customs System. Whenever, electronic processing of
shipping bill etc. is held up on account of non-registration of these entities, the same is to be
brought to the notice of Assistant/Deputy Commissioner in-charge of EDI System for registering
the new entity in the system.

!
Caution The exporters have to obtain PAN based Business Identification Number (BIN)
from the Directorate General of Foreign Trade prior to filing of shipping bill for clearance
of export goods

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