Customs (Finalization Of Provisional Assessment) Regulations, 2025

CBIC notifies revised regulations on finalisation of Provisional Assessment under the Customs Act 1962 Notification No. 55/2025- Customs (N.T.) dated 12th September 2025

The Central Board of Indirect Taxes and Customs [CBIC] has issued the Customs (Finalisation of Provisional Assessment) Regulations, 2025, replacing the earlier 2018 regulations, with effect from their publication in the Official Gazette. These Regulations govern the manner, time-limits, and compliance framework for finalisation of provisional assessment under section 18 of the Customs Act, 1962.

Provisional Assessment under section 18 of the Customs Act allows importers/exporters to clear goods when critical documents, test results, or additional enquiries are pending. The new 2025 Regulations streamline timelines, strengthens accountability of both trade and customs, and introduce stricter closure and penalty provisions.