Module 2

Import

All modules · Quiz

Watch

Import Payments in India, End to End

IDPMS & Bill of Entry

Form A1 or A2?

Goods import: no 15CA

Read

2.1 The import record

One record per Bill of Entry and per remittance, with outward remittances matched to Bills of Entry.

2.2 Advance payments

Payment request letter with purpose code S0101 in the demo. Unmatched advances sit in the advances pending regularisation register.

2.3 Import remittance application

Formerly Form A1. It prints in RBI layout with no letterhead.

2.4 Settlement window

Contract due date; if none, credit days; if none, a 180-day default.

2.5 Payment against a Bill of Entry

Purpose code S0102 in the demo. The payment request letter covers advance, against BoE and the MTT import leg.

2.6 After matching

Settlement letter for IDPMS; Import Outstanding Statement.

2.7 Small balances

The closure and records-update request covers bank charges, write-off, discount, reduction and self-declared closure up to Rs 10 lakh.

2.8 The Rs 10 lakh closure test

It is tested on the full bill value, not the open amount. There is an IDPMS closure declaration for a BoE up to Rs 10 lakh under the 2026 Regulations.

2.9 Other registers

Free-of-cost import register.

2.10 Who does what

The AD bank closes the IDPMS entry.

General information. Confirm with your AD bank or CA.

Do

The training sandbox uses sample records. Nothing you do there reaches a bank, DGFT, ICEGATE or any outside system.

  1. Record a fictitious proforma and generate the advance payment request letter (S0101).
  2. Generate the import remittance application.
  3. Record the remittance and find it in the advances pending regularisation register.
  4. Add the Bill of Entry and invoice, match the remittance and generate the settlement letter for IDPMS.
  5. Add a second Bill of Entry with a full value under Rs 10 lakh and a small open amount. Generate the closure and records-update request or the IDPMS closure declaration.
  6. Answer in one line: a Bill of Entry has a full value of Rs 14 lakh and Rs 50,000 open. Does it meet the Rs 10 lakh test, and why?
  7. Open the Import Outstanding Statement.

Take the quiz