https://www.taxtmi.com/caselaws?id=287902 Where imports are supported by certificates of origin claimed for duty exemption, and no retroactive check is initiated within the prescribed period under the applicable origin rules, provisional assessment cannot be left open indefinitely. If the customs authorities do not act within that period, they must complete the provisional assessment and cannot continue to retain the importer's bank guarantees without justification, especially where a bond is already in place. The Court therefore directed release of the bank guarantees and completion of the provisional assessments within the time granted. en-us Mon, 03 Feb 2020 00:00:00 +0530 Sat, 21 Nov 2020 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287902 Where imports are supported by certificates of origin claimed for duty exemption, and no retroactive check is initiated within the prescribed period under the applicable origin rules, provisional assessment cannot be left open indefinitely. If the customs authorities do not act within that period, they must complete the provisional assessment and cannot continue to retain the importer's bank guarantees without justification, especially where a bond is already in place. The Court therefore directed release of the bank guarantees and completion of the provisional assessments within the time granted. Case-Laws Customs Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287902