The Central Board of Excise and Customs (CBEC) have prescribed a late charge fee for delayed filing of Bill of Entry. As per the proposed amendment to section 46, it is mandatory to file a Bill of Entry before the end of the next day following the day (excluding holidays) on which the vessel or aircraft or vehicle carrying the goods arrives at a customs station at which such goods are to be cleared for home consumption or warehousing. The provision further provides for imposition of such charges for late presentation of the bill of entry as may be prescribed. The Board has also amended its earlier notifications in order to empower the authorized Officers to consider waiver of late fee in bonafide cases.
All late submission of bill of entry will attract fine of Rs 5,000/- per day for first three days and thereafter the fine shall be Rs 10,000/- per day.