https://www.taxtmi.com/forum/issue?id=110679 Provisional assessment led to a cash security deposit to cover potential duty. After finalization the Customs Department demanded duty plus interest and refused to refund the security until payment of demand and interest. The importer argues interest should not apply where cash security was deposited; forum replies indicate that interest on duties for provisional assessments is payable from the first day under the statutory interest provision and that refund may be withheld pending payment. en-us Sun, 24 Jul 2016 10:47:09 +0530 Thu, 23 Jan 2025 15:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110679 Provisional assessment led to a cash security deposit to cover potential duty. After finalization the Customs Department demanded duty plus interest and refused to refund the security until payment of demand and interest. The importer argues interest should not apply where cash security was deposited; forum replies indicate that interest on duties for provisional assessments is payable from the first day under the statutory interest provision and that refund may be withheld pending payment. Discussion-Forum Customs Sun, 24 Jul 2016 10:47:09 +0530 https://www.taxtmi.com/forum/issue?id=110679