Interest on warehoused goods: payment deferred until ex-bonding; bank guarantees replace pre-extension payment requirement for extensions. Following the requirement to furnish a bank guarantee as security for deferred duty and interest, the Board withdraws the need to collect interest or issue a demand before permitting extensions of the warehousing period; any interest payable shall be paid at the time of ex-bonding of the goods, while previously granted industry-specific exemptions remain operative and implementation difficulties may be reported to the Board.
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Provisions expressly mentioned in the judgment/order text.
Interest on warehoused goods: payment deferred until ex-bonding; bank guarantees replace pre-extension payment requirement for extensions.
Following the requirement to furnish a bank guarantee as security for deferred duty and interest, the Board withdraws the need to collect interest or issue a demand before permitting extensions of the warehousing period; any interest payable shall be paid at the time of ex-bonding of the goods, while previously granted industry-specific exemptions remain operative and implementation difficulties may be reported to the Board.
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