The acronym of Bill of Entry which is BOE full form which is a document that is legally that is acceptable in the eyes of law. Bill of entry meaning BOE is filed by exporters or importers on or before the arrival of the shipment of the imported goods. BOE plays a major role in the clearance of the shipment as it has to be submitted to the Customs department. BOE shall be raised for both household consumption goods and bond clearance. In this article we’ll discuss BOE in shipping, bill of entry format, bill of entry for import, what is BOE, bill of entry status, bill of entry payment, types of bill of entry and much more.
The following person needs to issue BOE
The authorized officer will examine the shipment after the Bill of Entry (BOE) is furnished. Afterwards, for clearing the shipment from customs the importer or exporter has to pay the customs duty, IGST and CESS applicable. The importer or exporter can claim a refund of GST and CESS paid but custom duty cannot be claimed back.
As per the guidelines of the government, here is how the bill of entry number look like under the GST regime:
Port Code and License Number
1. IEC (Import Export Code), Customs House Agent Code and Import/exporter name and address.
2. The importers or exporters address will get auto-filled in case if the taxpayer is registered.
NOTE: In the IEC field the taxpayer needs to enter their GSTIN or provisional GSTIN. In case if the taxpayer does not have regular or provisional GSTIN, he/she can use their PAN/UIN. It shall be noted that the GST refund will be given based on this.
3. Name of the Vessel, country of origin and its code, country of consignment and is code, shipment court, landing bill date.
4. Details of goods
5. Customs duty:
6. Tax Levied
7. Two declarations and signatures for Customs officer and importer/exporter