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the PAS. Such abandoned/unclaimed consignments are then taken over by the
Customs. The Customs thereafter will forward such consignments to the Customs
warehouse after issuing a Show Cause Notice to the consignee asking the consignee
to show cause why the consignments should not be confiscated. However if the
consignee does not want to take the delivery of the consignment addressed to the
consignee either before or after it has been released by the Customs, the consignee
may inform the Postal Appraising Section in writing, to RETURN THE CONSIGNMENT
BACK TO THE SENDER.
Q-73: Explain the provisions of the Customs Act, 1962 relating to payment of interest in case of
provisional assessment.
A-73: The following provisions of the Customs Act, 1962 relating to payment of interest in case of
provisional assessment are as under:
I. Interest payable by the importer/exporter on amount payable to the Central Government,
consequent to the final assessment/re- assessment:
(i) The importer or exporter shall be liable to pay interest, on any amount
payable to the Central Government, consequent to the final assessment
order/re-assessment order under Section 18(2).
(ii) The interest shall be payable at the rate prescribed under Section 28AA of
the Customs Act, 1962. Presently, the rate of interest has been fixed @ 15%
p.a.
(iii) The interest shall be payable from the first day of the month in which the
duty is provisionally assessed till the date of payment thereof.
II. Interest payable by the Central Government to the importer/exporter on amount
refundable to the importer/exporter on final assessment of duty/re-assessment of duty:
(i) Subject to the provisions of unjust enrichment, if any refundable amount is
not refunded to the importer/exporter on final assessment of duty or re-
assessment of duty, within three months from the date of final assessment
of duty or re- assessment of duty.
(ii) The interest shall be payable at the rate prescribed under Section 27A of the
Customs Act, 1962. Presently, the rate of interest has been fixed @ 6% p.a.
(c) The interest shall be payable from the first day immediately succeeding the
period of three months from the date of assessment of duty finally or re-
assessment of duty till the date of refund of such amount.
Q-74: In case where re-assessment is not done or done but importer agrees to such re-assessment,
then Proper Officer may conduct
(i) On-site Post Clearance Audit
(ii) Post Clearance Audit
(iii) Customs Clearance Audit
(iv) None of the above
A-74: ii Post Clearance Audit
Q-75: When the duty will be re-assessed
(i) Self-Assessment of duty done by the importer is not correct in mis-classification
(ii) Self-Assessment of duty done by the importer is not correct in over valuation

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