Customs: New rules replace earlier regulations on provisional customs assessment. They fix timelines for document submission, enquiry, and finalisation within two years, allow voluntary payments/refunds, ensure bond closure, and impose penalties for non-compliance.(15.09.2025)

Customs

New rules replace earlier regulations on provisional customs assessment. They fix timelines for document submission, enquiry, and finalisation within two years, allow voluntary payments/refunds, ensure bond closure, and impose penalties for non-compliance.

(Notification No. 55/2025-Customs (N.T.) dated 12.09.25)