Notional interest on advance payments may be contested while imports allowed on bond securing differential customs duty. The Board considers inclusion of interest charges in the assessable value for levy of customs duty is under active consideration; pending finalisation consignments shall not be held up and may be cleared on execution of a bond with sureties for the differential amount of duty to safeguard Government revenue.
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Provisions expressly mentioned in the judgment/order text.
Notional interest on advance payments may be contested while imports allowed on bond securing differential customs duty.
The Board considers inclusion of interest charges in the assessable value for levy of customs duty is under active consideration; pending finalisation consignments shall not be held up and may be cleared on execution of a bond with sureties for the differential amount of duty to safeguard Government revenue.
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