12Interim duty not to exceed security taken

#### 12 Interim duty not to exceed security taken If: (a) a security has been taken under section 42 of the Customs Act 1901 in respect of interim duty that may become payable under section 8, 9, 10 or 11 of this Act in respect of goods imported into Australia; and (b) the amount of interim duty that would be so payable under section 8, 9, 10 or 11 of this Act would, but for the operation of this section, exceed the amount of the security taken; the interim duty payable is equal to the amount of security taken.