SubstitutionHigh ImpactCUSTOMS_ACT_1962
Official PDF (p. 14)CUSTOMS_ACT_1962 · Section 18 & Provisional Assessment Regulations
Customs Provisional Assessment — Strict Statutory Timelines and Bank Guarantee Release
Applicable from 2026-12
Attempt Applicability
2026-06:Excluded
2026-12:Applies
Statutory Comparison
Prior PositionPre-amendment
Provisional assessments remained open indefinitely with no statutory time bar, tying up bank guarantees.
New PositionAmended
Enforces strict outer timelines: 2 months for importer document submission; 3 months for chemical test reports; Commissioner extension max 3 months. Mandatory finalisation in Situation A (short paid duty with interest) or Situation B (excess refund with interest). Bond cancelled within 7 days.
Affected Syllabus Chapters
indirect-tax-laws-and-practice
trade-facilitation-measures
Code: trade-facilitation-measures
Authority Document Reference
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