BDP India: Important Update on Changes in Section 46 and 47 of the Customs Act,1962

April 5, 2017 - At BDP, we continually work to ensure all of our activities respect Trade Compliance regulations to provide our customers with a responsible, trouble free customer experience.

As such we would like to inform you on Customs Circular No. 12/2017 on timely submission of Import Bill of Entry and Customs Duty under above referred section of Customs Act, 1962.

* Submission of Import Bill of Entry (BoE)

As per the amended section 46 the importer shall present the Bill of Entry under sub-section (1) of section 46 before the end of the next day following the day (excluding holidays) on which the aircraft or vessel or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or for warehousing. The Free period for filing a BOE is up to the end of the next day following the day (excluding holidays) of arrival of goods at the place where the clearance for home consumption or warehousing is to take place. Where the bill of entry is not filed within time specified in sub regulation (1) and the proper officer of Customs is satisfied that there was no sufficient cause for such delay, the importer shall be liable to pay charges for late presentation of the bill of entry ate the rate of INR 5000/per day for the initial 3 days of default and thereafter INR 10000/day for each day of default thereafter.

* Customs Duty Payment timeline

As per the amended section 47 sub-section (2) of CA,1962, the importer shall have to make the payment of duty on the same day in case of self-assessed BoE and in case of re-assessment or provisional assessment, within one day after the return of Bill of Entry.

BDP India will put best of our efforts to make this transition as smooth as possible. If you have any questions regarding this information, please contact your BDP business support.


BDP International, India