Provisional Assessment

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..... nable to correctly estimate, on the date of deposit, the actual amount payable for any particular month or quarter, as the case may be. ================ B. Provisional Assessment - Procedure Application to be made - Rule 6(4) Assess may make a request in writing to the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise, as the case may be, giving reasons for payment of service tax on provisional basis. Permission for provisional assessment Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise, as the case may be, on receipt of such request, may allow payment of service tax on provisional basis on such value of taxable service as may be specified by .....

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..... ther there is any time limit for finalization of Provisional Assessment Rule 7(3) of Central Excise Rules, 2002 as extended to these rules by rule 6(4) Yes, there is a time limit of finalization of provisional assessment and this time limit is six months. The Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise as the case may be, shall pass order for final assessment as soon as may be, after the relevant information, as may be required for finalizing the assessment, is available, but within a period not exceeding six months from the date of the communication of the order issued. Therefore the provisional assessment must be finalized within 6 months. However, this limit of six months can b .....

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..... are applicable in case of refund which is due to the assessee. If the assessee is unable to satisfy that he has not passed the burden on another person than such amount of refund shall be credited to consumer welfare fund instead of paid to the applicant. Refund application shall be made within one year from the date of finalization of assessment. Interest on Refund Interest at the rate specified under section 11BB of the Central Excise Act, 1944 . Interest shall be payable from the date immediately after the expiry of three months from the date of receipt of such application till the date of refund of such duty. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Mana .....

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