Into-bond Bill - Central Excise Practice Manual (OLD) - Central Excise

The Into-bond Bill of Entry is assessed at the port of import. The goods move under the cover of Into-bond Bill of Entry. The original copy of the Bill of Entry is retained at the customs station of import and three copies of bill of entry accompany the consignment. The officer in charge of the EOU record the re-warehousing and examination report on the duplicate and triplicate copies and return the duplicate copy to the Assistant Commissioner (Bond) of customs station of import. In case of any discrepancy in goods found during the course of examination, the same is brought to the notice of the Customs station of import for the purpose of updating the original Bill of Entry and connected records. When the goods imported are required to be sent at the place away from the port of import, transshipment of such goods is allowed under the normal transshipment procedure. The unit is required to furnish a transit bond with the Assistant Commissioner in charge of the port of import. However, in such case, a transit bond or insurance policy equivalent to the duty amount involved is required to be furnished. [Ref: CBEC Circular No. 2/94-Cus. dated 5/4/94; 29/95-Cus. dated 29/3/95 ; 41/97-Cus. dated 19/9/97 ; 72/97-Cus. dated 23/12/97 ; and 38/98-Cus. dated 21/5/98 ]. The software units are allowed to import software through data communication link, internet etc. and file Bill of Entry within twenty four hours . [Ref: CBEC Circular No. 58/2000-Cus. dated 10.7.2000 .]