CBIC notifies new system for filing Bills of Entry for import

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To help in quicker clearance of goods, the Central Board of Indirect Taxes and Customs (CBIC) has notified a new system for filing Bills of Entry (BE) for import. According to the new regulations, if a consignment comes from Bangladesh, the Maldives, Myanmar, Pakistan or Sri Lanka via the sea route, the BE is required to be filed latest by the end of the day of arrival. For all other countries, importers will be required to file by the end of the day preceding the day of arrival at the seaport. In case a consignment arrives at an airport or a land customs station (LCS), the BE will be required to be submitted by the end of the day of arrival. The Board has clarified that a timeline will be considered where the goods has originally been loaded and from where it has been transhipped. CBIC has also clarified that the existing provision that a BE may be presented up to 30 days before the expected arrival of the aircraft or vessel or vehicle carrying the imported goods continues, as per a report.