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of <h1>Customs Circular Update: New Rule 5(d) Empowers Commissioners to Adjust Security for Provisional Assessments Amid COVID-19 Challenges.</h1> Circular No. 19/2021-Customs amends Circular No. 38/2016-Customs by adding entry 5(d), allowing Principal Commissioners/Commissioners of Customs to determine security amounts in provisional assessments. This amendment addresses issues from the COVID-19 pandemic, particularly regarding the submission of original Certificates of Origin under trade agreements. Entry 5(d) provides flexibility for reducing or waiving security in specific cases, separating these from entry 5(c). The changes apply to new and pending import consignments and rescind Instruction No. 04/2020-Customs. The amendment aims to facilitate legitimate trade while maintaining necessary security measures.
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