Maximum time available for exporters after filing S/B

[Kishan Barai]

As per FTP

1.29 Prior filing facility for Shipping Bills

To facilitate processing of shipping bills before actual shipment, prior online filing facility for shipping bills has been provided by the Customs - 7 days for air shipments & ICDs and 14 days for shipments by sea.

Suppose If I file S/B on 24/5/16 then what max amount of time I have for exports ?

& what penalty, do I need to pay if I don't export ??

Thanks in Advance

[Raghunandhaanan rvi]

The validity of the shipping bill in EDI System is fifteen days only. After expiry of fifteen days from the date of filing of shipping bill, the exporter has to file the declaration afresh.

If you file shipping bill on 24/5/16, the shipping bill is valid till 07/06/2016

Generally, there should not be any penalty on exporter

[Kishan Barai]

Thanks a lot sir,

Now what would be the case in case of Import ??

Suppose I filed B/E on a particular date and cargo is delayed for 15 days ??

According to me the time limit for B/E is 30 days, but I am not too sure about it.

Please Enlighten. Thanks sir

[Raghunandhaanan rvi]

you can file bill of entry 30 days in advance of arrival of goods. This is known as advance noting.

tks

[Kishan Barai]

Thanks a lot sir.