Commonly Used Terms
Bill of Entry (BE)
A Bill of Entry (BE) is a legal document that is filed by customs clearance agents or importers on or before the arrival of the imported goods. It is submitted to the Customs department as a part of the customs clearance procedure. Once this is completed, the importer will be able to claim input tax credit (ITC) on the goods. The bill of entry can be issued for either home consumption or bond clearance. When it is issued for bond clearance, the bond number and date of issuance need to be included.
Contents of a Bill of Entry
The contents of a Bill of Entry are mentioned below:
1. Name and address of the importer.
2. Code of customs house agent (CHA)
3. Country of origin and its code
4. Importer exporter code (IEC)
5. Country of assigment and it's code
6. Port of shipment
7. Name of the vessel
Types of Bill of Entry
The customs office divides a Bill of Entry into three categories based on the use and nature of the imported goods:
1. Bill of entry for domestic consumption: This is for goods that the importer will purchase for personal use or for use in certain commercial operations.
2. Bond bill of entry: This sort of bill of entry is used when the importer is unwilling to pay import duties at the time of import. It is also known as a Bill of Entry for Warehousing. In this situation, the importer may keep the products in a special warehouse until the Customs agency has received payment in full.
3. Bill of entry for ex-bond goods: A BoE for ex-bond goods is issued when the importer needs to release goods from the warehouse and overrides the BoE for Warehousing.
A
Average Payment Period (for materials)
Average Inventory
Average Cost per Unit
Accounts Payable
Available to Sell (ATS)
Available to Promise (ATP)
Available Inventory
Automatic Rescheduling
Automatic Relief
Automated Storage-Retrieval System (AS-RS)
Automated Manifest System (AMS)
Automated Guiding Vehicle System (AGVS)
Automated Commercial Environment (ACE)
Automated Clearing House (ACH)
Automated Call Distribution
Automated Broker Interface (ABI)
Auditing
Audit Trail
Audit Ability
Audit
Attributes
Attachment
Assumed Receipt
Association of American Railroads
Assignment
Assemble-to-order
Arrival Notice
Approved Vendor List (AVL)
Appraisal Costs
Any Quantity Rate (AQ)
Anticipation Inventories
Anticipated Delay Report
Anti-Dumping Duty
ANSI Standard
Amtrak
American Waterways Operators
American Trucking Association (ATA)
American Standard Code for Information Interchange
American Society of Transportation & Logistics
American Society for Training and Development (ASTD)
American Society for Testing and Materials (ASTM)
American Society for Quality (ASQ)
American National Standards Institute (ANSI)
American Customer Satisfaction Index (ACSI)
Alternate Routing
Alpha Release
Allocation
Allocated Item
All Risks
All Cargo Carrier
Alaskan Carrier
Airport and Airway Trust Fund
Airline Terminal Fee (ATF)
Air Waybill
Air Transport Association of America
Air Taxi
Air Cargo Containers
Air Cargo
Agility
Agile Manufacturing
Aggregate Tender Rate
Aggregate Planning
Aggregate Plan
Aggregate Inventory Management
Aggregate Inventory
Aggregate Forecast
Agglomeration
Agent
Agency Tariff
After Sale Service
Advanced Shipping Notice
Advanced Planning and Scheduling (APS)
Advance Material Request
Adaptive Smoothing
Adaptive Control
Actual to Theoretical Cycle Time
Actual Demand
Actual Cost System
Actual Cost
Activity Ratio
Activity Network Diagram
Activity Level
Activity Driver
Activity Dictionary
Activity Based Planning (ABP)
Activity Based Management (ABM)
Activity Based Costing System
Activity Based Costing Model
Activity Based Costing (ABC)
Activity Based Budgeting (ABB)
Activity Analysis
Activity
Active Inventory
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