Self-Assessment in Customs - Draft Bill of Entry and Shipping Bill Regulations Announced
CONSEQUENT to the introduction of ‘self assessment' in Customs in the Finance Act, 2011, it has become necessary to change the regulations and the forms. Accordingly Board has prepared draft 'Bill of Entry (Electronic Declaration) Regulations, 2011' and draft ' Shipping Bill (Electronic Declaration) Regulations, 2011.
Board solicits comments and suggestions on the draft Regulations from the trade and industry associations, departmental officers and others, which may be sent to Director (Customs), Ministry of Finance, Department of Revenue, Central Board of Excise & Customs, Room No.227-B, North Block, New Delhi – 110001 or at Fax No. (011) 23092173 or at e-mail I.D.: dircus@nic.in
Draft regulations have been put up only to elicit public response. Final decision shall be taken only after due examination of the responses received. They want the feedback latest by 16th September 2011.
CBEC F. No. 450/26/2011-Cus.IV., Dated: September 01, 2011