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of <h1>Customs Allows Provisional Assessment with COOC Copies u/s 18 of Customs Act Due to COVID-19 Challenges.</h1> Due to the COVID-19 pandemic and resulting lockdown, importers faced challenges in submitting original Country of Origin Certificates (COOC) for customs clearance. The customs authority has allowed provisional assessment under Section 18 of the Customs Act, 1962, permitting clearance based on photocopies of COOC. Importers must submit a Bond or Undertaking and may be required to provide security based on importer classification. Specific categories like Status Holders and certain manufacturers are exempt from security requirements. Importers must replace Undertakings with Bonds by a specified deadline. This measure ensures trade facilitation while safeguarding revenue interests.
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