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Bill of Entry

Last updated on 10 May, 2018

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What is a bill of entry? When is it filed?

A bill of entry is a legal document that is filed by importers or customs clearance agents on or before the arrival of imported goods. It’s submitted to the Customs department as a part of the customs clearance procedure. Once this is done, the importer will be able to claim ITC on the goods. The bill of entry can be issued for either home consumption or bond clearance. When it is issued for bond clearance, the bond number and date of issuance should be included.

Who should issue a bill of entry?

Bill of entry should be issued by:

Procedure

Once the bill of entry is filed, an authorized Customs officer will examine the goods.  Then the importer of goods should pay the basic customs duty, IGST, and GST compensation cess to clear the goods. The importer can claim ITC for the IGST and compensation cess, but not for the basic customs duty.

Format of a bill of entry:

Based on the rules prescribed by the Government, here is what a sample bill of entry will look like in the GST regime: 

Bill of Entry

NOTE: Most taxpayers will enter their GSTIN (or provisional GSTIN) in the IEC field. If they don’t have a regular or provisional GSTIN, they can use their PAN/UIN. Based on this, the importer will be provided ITC for the IGST and compensation cess that was paid to clear the goods. However, ITC can not be claimed on the basic customs duty that is paid for the goods.

Packages and quantity:

  Customs duty

Additional duty

IGST

  Two declaration and signature sections: One for the Customs house agent, and one for the importer.



       
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