Sign on sdf forms for shipments more than $ 25,000 per invoice

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TOPIC : Sign on SDF forms for shipments more than $ 25,000 per invoice

Posted on 23 October 2008 at 19:59:00

Hi.

We have been informed that the Indian Customs has come out with a new circular which states that Customs officers are not necessarily required to sign the SDF forms which are in lieu of the GRs even if the value is more than USD 25,000 because the officer by signing the LEO is confirming that he/she has accepted the value of the shipment and should be good enough a proof for the Bank whilst submitting documents for negotiation.

Would like to know if anyone has heard of this. I have been told it is a recent development.

Regards

Miss CHAITALI MEHTA

Express Kargo Forwarders Pvt. Ltd.

GENERAL MANAGER, Express Kargo Forwarders Pvt. Ltd.
Mumbai, India

Free Member, Joined :04/26/2003
No of Topics Posted : 1
Reply/Comments : 0

Re: Sign on SDF forms for shipments more than $ 25,000 per invoice

Posted on 30 October 2008 at 12:14:00 [Message #1694 ]

Yes, While issuing the circular changing GR Forms, the Customs Notification informed all customs authorities to accept the Form SDF and allow shipments. Initially the customs authorities signed in Form SDF also and gradually gave up the practice of signing in Form SDF saying how much papers we have to sign! This is the position now.

P.V.Rajagopal

Mr. P. V. Rajagopal

V.T. IMPEX LTD

C.E.O., V.T. IMPEX LTD
Chennai, India

Free Member, Joined :06/26/2007
No of Topics Posted : 0
Reply/Comments : 1

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Re: Re: Sign on SDF forms for shipments more than $ 25,000 per invoice

Posted on 12 November 2008 at 14:14:00 [Message #1717 is a comment on message #1694 ]

Dear Sir,

If you have the indian Customs Notification of the below mail,
Kindly intimate the Notification No. & Year.

Regards,

B. MAHADEVAN,
GLOBE FORWARDING AGENCIES,
CHENNAI.

-----------------------------------------
Hi. We have been informed that the Indian Customs has come out with a new circular which states that Customs officers are not necessarily required to sign the SDF forms which are in lieu of the GRs even if the value is more than USD 25,000 because the officer by signing the LEO is confirming that he/she has accepted the value of the shipment and should be good enough a proof for the Bank whilst submitting documents for negotiation. Would like to know if anyone has heard of this. I have been told it is a recent development. Regards

Mr Mahadevan

Globe Forwarding Agencies

Partner, Globe Forwarding Agencies
Chennai, India

Free Member, Joined :02/15/2007
No of Topics Posted : 0
Reply/Comments : 1

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