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TMI BlogSelf-assessment of imported and export goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Thus, under self-assessment, it is the importer or exporter who will ensure that he declares the correct classification, applicable rate of duty, value, benefit of exemption notifications claimed, if any, etc. in respect of the imported / export goods while presenting Bill of Entry or Shipping Bill. 3.2 The declaration filed by the importer or exporter may be verified by the proper officer whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Bills of Entry will straightaway be facilitated for clearance without assessment and examination, on payment of applicable duty, if any. 3.3 The verification of a self-assessed Bill of Entry or Shipping Bill, which are interdicted by the RMS, shall be with regard to correctness of classification, value, rate of duty, exemption notification or any other relevant particular having bearing on co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cation of self-assessment in terms of Section 17 requires testing / further documents / information, and the goods cannot be re-assessed quickly however, the importer or the exporter requires the goods to be cleared on urgent basis. In such cases, provisional assessment may be done in terms of Section 18 of the Customs Act, 1962 , once the importer or exporter, as the case may be, furnishes s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he duty as may be finally assessed or re-assessed, as the case may be, and the duty provisionally assessed. 3.5 For the purpose of proper assessment of duty and to ensure correctness of trade statistics, importers/exporters should mandatorily declare the Standard Unit Quantity Code (UQC), as indicated in the Customs Tariff Act, 1975 . [Refer Circular No. 26/2013-Cus. dated 19-7-2013 ] - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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