Bill Of Entry

Tax Glossary Definition

Bill Of Entry

Bill of Entry – A Bill of Entry is an official declaration submitted by an importer to customs authorities, providing complete information about goods brought into a country, including their type, quantity, value, and country of origin. This document forms the basis for determining applicable customs duties and authorizing the release of the goods for domestic use.

Example: When a company imports machinery from Germany, it must file a Bill of Entry with customs to assess the duty payable and obtain clearance for the shipment.

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