https://www.taxtmi.com/forum/issue?id=3435 Delay in finalization of provisional bills of entry results in statutory interest liability from provisional assessment to payment; interest is a statutory obligation tied to finalization rather than an equitable penalty for departmental delay. Subsequent administrative guidance allowing voluntary payment before final assessment may prevent further interest accrual prospectively, but does not eliminate interest already accrued for prior periods absent a specific retrospective relief measure. en-us Thu, 22 Sep 2011 16:53:01 +0530 Thu, 23 Jan 2025 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3435 Delay in finalization of provisional bills of entry results in statutory interest liability from provisional assessment to payment; interest is a statutory obligation tied to finalization rather than an equitable penalty for departmental delay. Subsequent administrative guidance allowing voluntary payment before final assessment may prevent further interest accrual prospectively, but does not eliminate interest already accrued for prior periods absent a specific retrospective relief measure. Discussion-Forum Customs Thu, 22 Sep 2011 16:53:01 +0530 https://www.taxtmi.com/forum/issue?id=3435