Chapter: 2.5 Rate of Duty and Valuation

Rate of Duty and Valuation

The rate of duty and tariff valuation shall be as applicable on

a. In the case of goods directly cleared for home consumption the date of the presentation of the bill of entry.
b. In case of goods cleared from warehouse, the date when bill of entry is presented for home clearance of such goods from the warehouse. In case, bill of entry is submitted prior to arrival of the vessel or the aircraft, the date would be the later of the date of submission of the bill of entry and the grant of entry inward to the vessel.