What is the rate of duty applicable to a home consumption Bill of entry?
A The rate of duty applicable is the rate prevailing on the date of presenting the Bill of entry in the Customhouse. However, in the case of Bills of entry filed before the date of entry inwards of the vessel, the arrival of the aircraft the rate of duty applicable is the rate prevailing on the date of entry inwards or arrival as the case may be (Section 15(1) (a) of the Customs Act 1962). Note: Granting of entry inwards means permitting the unloading of goods from the vessel by the proper officer of customs.
