Interest-free period for customs duty shortened under amendment, reducing the allowed post-assessment payment window in law. Amendment reduces the interest free period for payment of customs duty by substituting a shorter time period in the relevant provision of the Customs Act, ... Summary
Interest-free period for customs duty shortened under amendment, reducing the allowed post-assessment payment window in law.
Amendment reduces the interest free period for payment of customs duty by substituting a shorter time period in the relevant provision of the Customs Act, thereby narrowing the interval during which no interest is chargeable on delayed customs duty payments and shortening the compliance window for remittance without interest.
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