Date for determination of rate of duty and tariff valuation of imported goods  :

According to Section 15 of the Customs Act 1962, the provisions relating to date for determination of rate of duty and tariff valuation of imported goods are as under-

      (a ) In case goods entered for home consumption under section 46;

• The date of presentation of Bill of Entry ;
• The date of entry inwards of the vessel or the arrival of the aircraft or the vehicle by which the goods are imported

Whichever is later?

(b ) In the case of goods cleared from a warehouse under section 68 ,the date of presentation of the Ex-Bond Clearance Bill of Entry for home consumption under that section.

(c ) In the case of any other goods ,the date of payment of duty.

Note- The provisions of section 15 shall not apply to baggage and goods imported by post.