Bill of Entry: Your Guide to Customs Act Compliance

The Customs Act, 1962, requires a Bill of Entry for all imported goods, detailing value, HS codes, and duties

Filing a Bill of Entry is mandatory under the Customs Act, 1962, for importing goods into India. This document specifies shipment value, HS codes, and duties. Errors can delay clearance by 7–10 days or incur penalties up to ₹5 lakh.

• Key steps: Submit via ICEGATE, verify HS codes, and pay duties within 5 days to avoid 15% p.a. interest (Section 47).

• Use advance filing under Section 46 for faster clearance. Bankers should align LCs with Bill details to avoid discrepancies.