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Classification of Customs duty collected against provisional assessment - Customs - Coord/1(5)RI/2001/1185Extract Pr. Chief Controller Accounts Letter No. Coord/1(5)RI/2001/1185 Dated 3-3-2004 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Classification of Customs duty collected against provisional assessment. Presently deposits made by assessees in provisional assessment cases are classified under "8443-Civil Deposits - Revenue Deposits". On final assessment of duty, the deposits are transferred to "0037-Customs". However, if final assessment is not made within a period of 3 years the deposits are transferred to unclaimed deposits under "0075-Miscellaneous General Services". The matter has been examined and it has been decided that deposits made by assessees in provisional assessment cases may be classified directly under final receipt head "0037-Customs". The balance lying under "8443-Civil Deposits-Rev. Deposits" may also be transferred to the receipt head after reconciling with the CAO. This issues with the approval of Pr. Chief Controller of Accounts, CBEC.
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