Sanguine Logistics Pvt. Ltd is an ISO 9001:2015 Certified Integrated Logistics Solution Provider & Indian Customs House Licensed Brokerage Company. With AEO Certification confirming our compliant & secure customs clearance processes, we strive to deliver logistics solutions with transparency, efficiency & innovation.
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The Central Board of Indirect Taxes and Customs (CBIC) has introduced a major reform with the Customs (Finalisation of Provisional Assessment) Regulations, 2025, replacing the 2018 framework. These reforms aim to bring clarity, accountability, and transparency to the process of provisional assessments under Section 18 of the Customs Act, 1962.
Why This Matters ??
Provisional assessment allows goods to be cleared even when all details (like test reports or documents) are not available. However, in the past, the process often faced long delays, creating uncertainty for businesses.
The 2025 regulations address this by defining clear timelines and procedures.
Key Highlights of the 2025 Regulations
- Time-bound process:
- Customs must request missing documents within 15 days.
- Importers/exporters get 2 months (extendable to 4 months) to submit info.
- Enquiries must close within 14 months.
- Assessments to be finalised within 3 months after info/enquiry completion.
- Maximum 2 years allowed (with extension in special cases).
- Pending cases addressed:
- All cases pending as of 29 March 2025 must be resolved by 29 May 2026.
- Voluntary payments:
- Importers/exporters may pay duty during the provisional stage, adjusted at finalisation.
- Speaking orders mandatory:
- If the final assessment differs, Customs must issue a reasoned order following principles of natural justice.
- Refunds & securities:
- Excess duties refunded promptly.
- Bonds & securities released once assessments are finalised.
Benefits for Businesses
- Faster duty refunds
- Reduced cash flow blockage
- Better predictability in compliance
- Fewer procedural delays in logistics
Impact on Logistics & Trade
For freight forwarders, CHAs, and import/export companies, this reform means smoother trade flows. Clear timelines reduce bottlenecks and uncertainty in cargo clearance.
At Sanguine Logistics, we see this as a progressive move towards a more efficient and predictable trade environment. Our AEO & CHA certified team ensures that clients stay compliant with the latest regulations while avoiding unnecessary delays.
Conclusion
The Customs (Finalisation of Provisional Assessment) Regulations, 2025 mark a significant step towards transparency and ease of doing business. For Indian trade, it means one thing: compliance with clarity, logistics with certainty.