All export goods must go through a specific set of procedures as stated by the Customs Office to ensure that authorities are charging the right taxes while checking consignments. This includes examination, assessment and evaluation of the goods. To allow the authorities to correctly and accurately inspect imported products, every consignment is made available with a set of official documents that contain all the details about the consignment. The Bill of Entry
is one such important document.
It is submitted to the Customs department, so the clearance procedure is completed without any hindrance. Once a bill of entry is filed, the importer can claim ITC (Input Tax Credit) on goods. The filing of the bill of entry is done by an importer or Clearing House Agent (CHA).