DATE FOR DETERMINING RATE OF DUTY AND VALUATION

Imported goods

The rate of duty and tariff valuation shall be as applicable on relevant dates18 as specified in below mentioned table:

Situations

Relevant Date

Goods cleared directly for home consumption

Date of presentation of bill of entry (BOE)

Goods cleared from warehouse for home consumption

Date of presentation of bill of entry for home consumption (popularly known as ‘ex-bond BOE’)

Any other case

Date of payment of duty

Notes:

  1. BOE shall be presented before the end of next day (excluding holidays) after arrival of the aircraft, vessel or vehicle at the customs station. However, the importer has an option to file advanced BOE, 30 days prior to the expected arrival date of the aircraft, vessel or vehicle (Section 46 of the Customs Act).
  2. In case BOE is presented before date of entry inward or arrival of the aircraft, vessel or vehicle; ‘relevant date’ for the above table shall be deemed to be the date of entry inward or arrival.

Exported goods:

The rate of duty and tariff valuation shall be as applicable on relevant dates19 as specified in below mentioned table:

Situations

Relevant Date

Goods entered for export under Shipping Bill/Bill of Export

Date of issuance of ‘Let Export Order’

Any other case

Date of payment of duty

Please note that there are separate rules for baggage and post and therefore, above general provisions do not apply to baggage and post.