On March 31, 2017 the Central Board of Customs and Excise of India (CBEC) announced amendments to Sections 46 and 47 of the Customs Act of 1962 that went into effect on April 1, 2017.
The change to Section 46 advises that once goods arrive to the customs station by aircraft, vessel, or vehicle where they are to be cleared, the bills of entry (BoE) must be submitted no later than the day following arrival (excluding holidays). If the entry is not presented within the specified timeframe the Importer, “shall be liable to pay charges… at the rate of” 5,000 Rupees per day for the first 3 days, followed by 10,000 per day.
Amendments to Section 47 include changes to the manner of payment of duties and advise that the, “importer shall have to make payment of duty on the same day in case of self-assessed BoE and in case of re-assessment or provisional assessment, within one day after return of BoE.”
The Customs notice can be accessed at:
The notice for the Gazette of India can be accessed at:
