Guidelines regarding Provisional Assessment under Section 18 of the Customs Act, 1962

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..... Subject: Guidelines regarding Provisional Assessment under Section 18 of the Customs Act, 1962 reg. Attention of the Importers, Exporters, Customs Brokers and the other members of Trade is invited to the Circular No.38/2016-Customs dated 22.08.2016, issued by the Central Board of Excise and Customs regarding the Guidelines for Provisional Assessment under section18 of t .....

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..... ionally. 3. Wherever, duty is to be assessed provisionally, the importer shall: (a) for the purposes of undertaking to pay on demand the deficiency, if any, between the duty as may be finally assessed and the duty provisionally assessed, execute a bond in the prescribed form as annexed to the above mentioned Board s Circular and (b) furnish such security for .....

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