TMI BlogDGFT Advisory -use complete 8 Digit HS Code in Bill of Entry for Import of Goods:*X X X X Extracts X X X X X X X X Extracts X X X X ..... DGFT Advisory -use complete 8 Digit HS Code in Bill of Entry for Import of Goods:* - By: - Sandeep Rawat - Customs - Import - Export - SEZ - Dated:- 29-4-2020 - - *DGFT Advisory for using complete 8 Digit HS Code in Bill of Entry for Import of Goods:* The DGFT vide Trade Notice No. 37/2019 dated October 22, 2019 had advised members of Trade and Industry to be careful while filing their Bil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l of Entry at the time of import and were advised to mention specific HS Codes at 8 digit level, where they exist instead of using the Other category. It was also informed that many importers are not doing due diligence in mentioning correct HS Code at 8 digit level at the time of import and are casually using the HS Code for Others category, which is residuary code category. However, despi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te the above advisory, imports under Others category continue to be widely used in the Bill of Entry. The DGFT vide Trade Notice No. 46/2019-20 dated January 17, 2020 has reiterated that all importers should file their Bill of Entry with specific codes available for the imported items under ITC(HS), 2017, Schedule 1 (Import Policy) at 8 digit level, and to avoid as far as possible Othe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs category . The matter will be reviewed shortly and in case of non-compliance, Government may consider bringing licensing regime for all items imported under Others category by shifting these items from free to restricted category. Further, if members of the Trade and Industry are of the view that the existing HS Code are not sufficient to cover the goods that they are importing, they s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hould immediately suggest appropriate HS Code at 8 digits level for such goods. For professional assistance Please connect at sandeeprawatca@gmail.com - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
