Provisional assessment bond: requires timely production of documents and payment of any duty deficiency. Regulation 3 requires that bonds given for provisional customs assessment mandate production of required documents or information within one month or any extended period allowed by the proper officer, and that the person executing the bond pay any deficiency between the duty finally assessed and the duty provisionally assessed; where assessment is provisional pending a test or enquiry, the bond must likewise secure payment of any such deficiency.
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Provisions expressly mentioned in the judgment/order text.
Provisional assessment bond: requires timely production of documents and payment of any duty deficiency.
Regulation 3 requires that bonds given for provisional customs assessment mandate production of required documents or information within one month or any extended period allowed by the proper officer, and that the person executing the bond pay any deficiency between the duty finally assessed and the duty provisionally assessed; where assessment is provisional pending a test or enquiry, the bond must likewise secure payment of any such deficiency.
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