Q.What is a Bill of Entry? Mention its types.

A Bill of Entry is the principal document an importer files with customs to clear goods brought into the country, and it comes in different forms depending on how the goods will be used. …

The Bill of Entry is the key document an importer, or the importer's clearing agent, files with the customs authorities when goods arrive in the country. It gives full particulars of the imported consignment — description, quantity, value, country of origin and the applicable tariff classification — so customs can assess the duty payable and permit clearance of the goods.

Traditionally, three colour-coded versions of the Bill of Entry were used depending on how the goods would be dealt with: a white Bill of Entry for goods intended for immediate home consumption; a yellow Bill of Entry (also called the 'into bond' bill) for goods that are to be stored in a bonded warehouse without immediate duty payment; and a green Bill of Entry (the 'ex-bond' bill) used when goods already warehoused are later cleared for home consumption. Today, most of this filing and assessment is carried out electronically through the customs depa …

A frequent mistake is confusing the Bill of Entry with the Bill of Lading — the former is a customs document filed by the importer, the latter is a shipping document of title issued by the carrier. Students should also a …