Provisional Duty Assessment: provisional duty may be fixed against bond and partial deposit; shortfall payable upon final assessment. Regulations permit provisional assessment where self-assessment is not possible or the proper officer cannot verify or re-assess duty; the proper officer estimates a provisional duty. Provisional assessment is allowed if the importer or exporter executes a bond undertaking to pay any deficiency between the final assessment and the provisional duty and deposits a directed sum not exceeding twenty per cent of the provisional duty. Bonds must secure payment of any shortfall and, where required, the production of documents; the officer may insist on surety or security and a penalty is prescribed for contraventions.
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.
Provisional Duty Assessment: provisional duty may be fixed against bond and partial deposit; shortfall payable upon final assessment.
Regulations permit provisional assessment where self-assessment is not possible or the proper officer cannot verify or re-assess duty; the proper officer estimates a provisional duty. Provisional assessment is allowed if the importer or exporter executes a bond undertaking to pay any deficiency between the final assessment and the provisional duty and deposits a directed sum not exceeding twenty per cent of the provisional duty. Bonds must secure payment of any shortfall and, where required, the production of documents; the officer may insist on surety or security and a penalty is prescribed for contraventions.
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