https://www.taxtmi.com/article/detailed?id=13830 Provisional assessments are to be finalized within a prescribed period to shorten Special Valuation Branch investigations and cap the duration of provisional cases, reducing uncertainty for importers. Separately, a voluntary post clearance revision process for bills of entry and shipping bills treats revised entries as self assessments, permits voluntary payments without penalty but with interest, deems refund resulting revisions as refund applications, subjects revisions to risk based verification, and bars revision where enforcement action or prior reassessment/provisional assessment has occurred or as otherwise specified by the Board. en-us Tue, 18 Mar 2025 11:47:13 +0530 Tue, 18 Mar 2025 11:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13830 Provisional assessments are to be finalized within a prescribed period to shorten Special Valuation Branch investigations and cap the duration of provisional cases, reducing uncertainty for importers. Separately, a voluntary post clearance revision process for bills of entry and shipping bills treats revised entries as self assessments, permits voluntary payments without penalty but with interest, deems refund resulting revisions as refund applications, subjects revisions to risk based verification, and bars revision where enforcement action or prior reassessment/provisional assessment has occurred or as otherwise specified by the Board. Articles Income Tax Tue, 18 Mar 2025 11:47:13 +0530 https://www.taxtmi.com/article/detailed?id=13830