Page 48 - COMBINED QUESTIONS AND ANSWERS - EDITION 2019 - PART II_Neat

(iv) All of the above
A-160: iv - All of the above
Q-161: Explain the categories of Shipping Bills under Section 50 of the Customs Act, 1962
A-161: (i) Free Shipping Bill
(ii) Drawback Shipping Bill
(iii) Shipping Bill for Export Promotion Scheme
Q-162: State true of False
The same shipping bill cannot discharge export obligation against advance authorisation as
well as earn drawback. However, a person can file a DEEC-cum-DBK shipping bill and
discharge obligations against the advance authorisation, besides claiming drawback at brand
rate to reimburse of duty incidence actually suffered on the inputs that are not covered
under advance authorisation.
A-162: True
Q-163: Explain the amendment of freight amount in Shipping Bill
A-163: If the freight/insurance amount undergoes a change before "Let Export" is given,
corresponding changes would also need to be made in the S/B with the approval of AC /DC
Exports. But if the change has taken place after the "Let Export" order, approval of
Additional/Jt. Commissioner would be required. Non-intimation of such changes would
amount to misdeclaration and may attract penal action under the Customs Act, 1962.
Q-164: Describe late filing charges for Bill of Entry?
A-164: (i) All Bill of Entries need to be filed within next working day on arrival of Shipments
(excluding holidays).
(ii) If above point is violated, fine penalty of INR 5000/- per day will be charged for first
three days and the penalty of INR 10,000/- per day thereafter (4th day onwards)
(iii) The late presentation charges on any bill of entry shall not exceed the duty payable
in respect of that particular bill of entry.
(iv) The duty or any other charges in respect of any bill of entry are not payable for any
reason like exemption or otherwise, the late presentation charges shall not exceed
fifty thousand rupees.

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