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of <h1>Importers can pay customs duties early, with interest, u/s 28B of the Customs Act, 1962.</h1> The circular clarifies that importers or exporters can voluntarily pay customs duties before the final assessment. Such payments must include interest from the month of provisional assessment until the payment date, as per the rate set by the Central Government under section 28B of the Customs Act, 1962. The terms of the bond and security provided during provisional assessment remain unchanged, and no duty refund will be granted until the assessment is finalized. Interest will not accrue on the paid amount from the payment date to the final assessment, and all payments will be adjusted against the final duty and interest assessed.
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