As of March 31st 2017, importers of goods in to India will need to file the relevant Bill of Entry with Indian Customs before the end of the following day, once goods have arrived at the customs clearance point at either the port or airport of arrival. Failure to submit the Bill of Entry within this specified timeframe will now result in fines rising from 5,000 Rupees per day for the first 3 days of default, up to 10,000 Rupees for each day thereafter.
Access To Export Ltd. can assist any company looking to export to, or already exporting to India, to ensure these financial penalties are avoided and all other export compliance rules are adhered to.