STAGES OF CUSTOM CLEARANCE OF IMPORT CARGO

Indira Gandhi National Open University (IGNOU) has extended the last day of submission of IGNOU Assignments for session June 2020 to 31st May 2020. Candidates who are facing problem in making assignments here is the solution to your problem.

Master of Commerce – M.Com First Year Solved Assignments for July 2019 and January 2020 Admission Cycles

M.COM First Year Tutor Marked Solved Assignment

Course Code: IBO – 04
Course Title: Export-Import Procedures & Documentation
Assignment Code: IBO-04/TMA/2019-20
Coverage: All Blocks

IBO – 04 Export-Import Procedures & Documentation Solved Assignment for 2019-20

Q5.) Write notes on the following:

c.) Stages of custom clearance of import cargo

Ans: The imported goods before clearance for home consumption or for home warehousing are required to comply with prescribed Customs clearance formalities. This includes the presentation of a Bill of Entry containing details such as the description of goods, value, quantity, exemption notification, etc.

Stages of Customs clearance are as under:

1.) Presentation of Bill of Entry, along with relevant documents to the import department of Custom House i.e. the concerned group.

2.) Checking of the Bill of Entry and the IGM submitted by the Carrier by concerned official of the custom and it is notified.

3.) Scrutiny and checking of the document and the information provided.

4.) Marking of the Bill of Entry to the concerned Appraise for appraisement and assessment.

5.) The Appraiser makes an examination of the goods and makes an appraisal and assessments on the basis of information provided and issues on Examination order.

6.) Return of the Bill of Entry to the importer after making an assessment for the deposit of duty levied within a period of 7 days.

7.) The importer deposits due amount of duty with the cash department which detaches with the original copy of Bill of Entry and keeps it for the purpose of record.

8.) The documents are given to the importer/CHA for presentation to the Dock Superintendent for physical examination of goods as per Examination order.

9.) The Dock Superintendent marks the documents to one of the Examiner/Inspector for physical examination.

10.) The examiner after examination writes his report and signs on the reverse of the Bill of Entry and sends it back to the Superintendent for counter signature and the "Out of charge" order is given.

11.) The Importer/CHA presents the documents to the Port Manager who ensures about any charges/demurrage if any to be paid by the importer. The same is deposited with the cash department. Thereafter the Port Manager issues release order on the basis of which goods are taken out of the Customs Area.