Section 21 - Amendment of section 18.

Interest on customs assessments: interest accrues from provisional assessment; delayed refunds attract interest and some refunds paid directly to importer/exporter.

The amendment adds sub-sections requiring importers or exporters to pay interest on amounts found payable on final assessment from the first month of provisional assessment until payment, and requiring interest on refundable amounts not repaid within three months until refund. It further provides that certain refundable duties and related interest-where the incidence was not passed on, where goods were for personal use, where the buyer bore the duty without passing it on, export duty, or duties eligible for drawback-shall be paid directly to the importer or exporter instead of being credited to the Fund.