In case of Imports, goods imported on receipt will be stored in Customs Bonded Warehouse. Imported goods will be released from the bonded warehouse only on the payment of Customs duty. In practice Importers withdraw the goods partially or wholly from the bonded warehouse as and when they require by paying the customs duty.
Tally.ERP 9 supports to record the full /Partial clearance of goods imported and pass on the CENVAT Credit.
More on Customs Clearance:
Customs Clearance Register
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