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Maximum time available for exporters after filing S/B

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..... 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 .....

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..... don't export ?? Thanks in Advance - Reply By raghunandhaanan r vi - The Reply = 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 penal .....

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..... ty on exporter - Reply By Kishan Barai - The Reply = 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 - Reply By raghunandhaanan r vi - The Reply = you can file bill of entry 30 days i .....

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..... n advance of arrival of goods. This is known as advance noting. tks - Reply By Kishan Barai - The Reply = Thanks a lot sir. - Maximum time available for exporters after filing S/B - Query Started By: - Kishan Barai Dated:- 24-5-2016 Customs - Import - Export - Customs - SEZ - Got 4 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manag .....

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..... ement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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