Individuals need not obtain IEC to import for personal use: Expert

The Customs can refuse permission under Section 46(5) if the interests of revenue are adversely affected.

Q. We had filed an advance bill of entry before the arrival of the vessel. Due to a fire in our factory, we want the imported goods to be deposited in a public bonded warehouse and cleared from there when our factory resumes normal operations. Can we request the Customs to allow that?

Yes. As per Section 46(5) of the Customs Act, 1962, “If the proper officer is satisfied that the interests of revenue are not prejudicially affected and that there was no fraudulent intention, he may permit substitution of a bill of entry for home consumption for a bill