Reassessment of Bill of Entry, Customs - Exim - SEZ

[Shyam Naik]

Dear Experts,

We have imported coal. The Bill of Entry was filed and assessed based on transaction value. Later on we have paid demurrage to the supplier.

It appears that we need to pay duty on the demurrage, being additional consideration.

Whether, the customs shall issue a revised Bill of Entry?

Whether we need to submit the revised Bill of Entry to the Bank(Authorised Dealer) towards proof of import at the time of remittance of amount of demurrage?

Thank You.

Best Regards,

Shyam

Posts / Replies

[YAGAY andSUN]

Whether this demurrage was paid against ship demurrage or port demurrage, if it is ship demirrage then no need to include it in the customs' assessable value, otherwise it is required to be incorporated in the assessable value of Customs.