As you know, for any goods arriving in India, cargo has to be passed out of customs from Indian customs department. For this purpose, the importer files bill of entry a legal document in a specified format declaring the details of goods, status of importer and other required information with proper supporting documents.
There are three types of bills of entry procedures in India. In other words we can say – there are three types of import in India.
a) Bill of entry for home consumption: This bill of entry is in white color. Manual bill of entry is filed, where in no electronic data interchange is not available to file bill of entry electronically. Importer files bill of entry for home consumption where in he wants to clear the goods on payment of duty or free duty goods to remove the cargo to his premises immediately. As per customs department section 46 of the customs Act 1962 describes in detail about the procedures and formalities.
b) Warehousing Bill of Entry: This bill of entry is also called Into Bond Bill of Entry. This is in buff color, if filed manually where in no electronic filing available. As per section 46 and section 60 of Indian Customs Act describes in detail about this type of filing. If an importer does not want to pay duty on his goods immediately up on arrival of goods at port, he keeps his goods in a customs bonded ware house by following formalities under such provisions and files Into bond bill of entry. He pays duty and take the quantity of goods as and when he requires.
c) Ex-bond Bill of Entry: The ex-bond bill of entry is filed to take the goods for home consumption by importer as and when he requires from the bonded warehouse explained above. The ex-bond bill of entry is in green color if filed manually where in no EDI facility is available. The details of this types of procedures are mentioned in section 68 of Indian Customs Act.
Apart from the major three bills of entry, there is another type of bill of entry in pink color which is used for clearing imported goods for defense establishments.