What is an xib bill of entry?

An XIB bill of entry refers to a specific type of document used in international trade, particularly in India, for the clearance of imported goods. The term "XIB" stands for "Ex-Bond," indicating that the goods are being cleared from a bonded warehouse. This bill of entry is required by customs authorities to assess duties and ensure compliance with import regulations. It includes details such as the description of goods, their value, and the relevant tariff classification.