https://www.taxtmi.com/circulars?id=62169 Provisional assessment under section 18 requires the importer to execute a bond to pay any deficiency between provisionally assessed duty and the final assessment, and to furnish security in the form of a bank guarantee or cash deposit. The Board rescinded earlier Regulations and set uniform guidelines on security amounts by class of importer-including 0% treatment for certain AEOs and government imports, 100% for specified FTA origin and seal verification cases-and clarified security is based on duty differential, not CIF value. en-us Thu, 22 Sep 2016 00:00:00 +0530 Tue, 13 Aug 2019 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62169 Provisional assessment under section 18 requires the importer to execute a bond to pay any deficiency between provisionally assessed duty and the final assessment, and to furnish security in the form of a bank guarantee or cash deposit. The Board rescinded earlier Regulations and set uniform guidelines on security amounts by class of importer-including 0% treatment for certain AEOs and government imports, 100% for specified FTA origin and seal verification cases-and clarified security is based on duty differential, not CIF value. Circulars Customs Thu, 22 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62169