Page 133 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION

International Trade Procedures and Documentation

Notes noting copy. The importer is required to declare in advance the bill of entry that the vessel/
aircraft is expected to come within 30 days from the date of filing of bill of entry and he will
present the bill of entry for final noting as soon as the IGM is filed. It is to be noted that facility
of advance noting is available to all imports except in the cases of bond bill of entry and also
during the special period.

Mother Vessel/Feeder Vessel

In the cases where the goods are to be brought by feeder vessel from the nearby port, the
container will be transferred from the mother vessel to feeder vessel for bringing the cargo to
the country. Under such cases, the importer may not know which vessel number he has to put on
the bill of entry as he does not know on which vessel or container his cargo is loaded. In such
cases, the Customs allows the importer to write the mother vessel number on the bill of entry
and the same may be amended to mention the names of both mother vessel and feeder vessel on
bill of entry.

Specialized Schemes

The Government of India has notified various schemes in order to provide incentives to exporters
in international trade and accordingly various exemptions and remissions of duty are also
given such as DFIA/DEPB, etc. For getting goods cleared by customs under situations, the
importer has to execute the bonds with the customs authorities to ensure all the conditions of
respective notifications as issued by the Government of India from time to time are fulfilled. He
has to execute a bond that ensures that he has to pay the duty in case he fails to fulfil the terms
and conditions of the notifications for export promotions. It is to be noted that the amount of
bond to be executed by the importer in such cases shall be equal to the amount of duty leviable
on the imported goods. A bank guarantee is also needed from along with the bond. The customs
official has the right under the Customs Act provisions, for relaxing the amount of bank guarantee
to be executed by the importer, keeping in mind his status, such as Super Star Trading House/
Trading House, etc.
Bill of Entry for Bond/Warehousing

In some cases, the importer doesn’t need the goods immediately for use or consumption. He
wishes to get his goods warehoused for future usage/consumption without payment of duty to
customs. In such cases, the importer will have to submit a separate bill of entry along with
above-mentioned documents for assessment of cargo. The assessment procedure in this case is
similar to the normal procedure of cargo clearance. The assessment is required at this stage as
customs wishes to ensure the true value of cargo to avoid any unforeseen situation such as
misplacement of cargo in future. Once the procedure of duty assessment of cargo is completed,
the importer is allowed under the customs provisions to place his cargo in a customs-notified
warehouse. He is required to make the payment of import duty at the time of ex-bond clearance
of cargo for which the exporter has filed an ex-bond bill of entry. The importer will have to pay
the same rate of duty on such goods cleared as he would have paid on his goods if he has got
them cleared at that point of time.

Self Assessment

Fill in the blanks:

1. The Government of India has prescribed the rate of duty to be imposed under Customs
Tariff Act, .....................

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