https://www.taxtmi.com/circulars?id=64026 Provisional assessment allows conditional release of consignments from China claiming duty exemption under an APTA Country of Origin Certificate pending verification of COO signatures and seals; releases shall follow Circular No. 38/2016 and security under Section 18 of the Customs Act. Designated categories (Authorized Economic Operator, Status Holder, specified manufacturers and institutional actual users importing pharmaceuticals, personal protection equipment and hygiene products) are exempt from security (0%), other importers of those goods face 25% security of the differential duty, and all other importers remain at 100%. Eligible importers may furnish a Bond or an Undertaking in lieu of Bond, which must be replaced by a proper Bond as required, and Appraising Groups must maintain records of relaxations. en-us Thu, 14 May 2020 00:00:00 +0530 Fri, 15 May 2020 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64026 Provisional assessment allows conditional release of consignments from China claiming duty exemption under an APTA Country of Origin Certificate pending verification of COO signatures and seals; releases shall follow Circular No. 38/2016 and security under Section 18 of the Customs Act. Designated categories (Authorized Economic Operator, Status Holder, specified manufacturers and institutional actual users importing pharmaceuticals, personal protection equipment and hygiene products) are exempt from security (0%), other importers of those goods face 25% security of the differential duty, and all other importers remain at 100%. Eligible importers may furnish a Bond or an Undertaking in lieu of Bond, which must be replaced by a proper Bond as required, and Appraising Groups must maintain records of relaxations. Circulars Customs Thu, 14 May 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64026