Self-assessment of customs duty shifts declaration responsibility to importers/exporters while preserving customs verification and reassessment. Self-assessment places responsibility on importers or exporters to declare correct classification, value, rates and exemptions when filing Bills of Entry or Shipping Bills electronically, subject to selective verification by Customs via the Risk Management System, with powers to examine, test, require documents, reassess duty, issue speaking orders on request, and allow provisional assessment upon security where urgent clearance is needed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Self-assessment of customs duty shifts declaration responsibility to importers/exporters while preserving customs verification and reassessment.
Self-assessment places responsibility on importers or exporters to declare correct classification, value, rates and exemptions when filing Bills of Entry or Shipping Bills electronically, subject to selective verification by Customs via the Risk Management System, with powers to examine, test, require documents, reassess duty, issue speaking orders on request, and allow provisional assessment upon security where urgent clearance is needed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
