TMI BlogAssessment / Provisional AssessmentX X X X Extracts X X X X X X X X Extracts X X X X ..... -1/ ER-2/ ER-3 return are correctly stated. Duty has been assessed as per provisions of section 3(2) or 4 or 4A. TR-6 challans by which duty has been paid are genuine. After filing and submission of return along with the Self- assessment Memorandum scrutiny of both the return and memorandum is done by the proper officer. The officer can demand show cause notice in case he finds short payment but no assessment order will be issued. Reasons for provisional, Period for which such assessment required, Rate of duty or value to be applied by assessee for such assessment, Undertaking to appear before AC within 7 days or on such date fixed by AC and Furnish all the relevant documents. 2. Order of AC allowing provisional a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erest. 4. Communication of the final assessment - After the final assessment is completed, the amount payable will be communicated to the assessee. In case where assessee fails to pay differential duty within 15 days after final assessment is made, bond should be enforced after due notice to assessee. 5. Best Judgment assessment where neither self assessment nor provisional assessment can be made - Where assessee fails to provide records or information and department is unable to issue demand or in case of suppression of facts or clandestine removals, 'Best Judgment Method' may be used to raise demand. Best Judgment Assessment is done on the basis of guess work and estimate based on evidences and materials having more th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... where only 5% of the Returns scrutinized in the 1 st stage will be selected and scrutinized. The selection will be made on the basis of negative impact on revenue for the maximum number of parameters as mentioned in the Annexure-2 of Circular No. 818/ 15/ 2005-CX. Scrutiny will be done and signed by the Range Superintendent. Detailed scrutiny is done to ascertain the correct reason for abnormal trends exhibited by the parameters. 1. A register of scrutiny of assessment in the form in Annexure-3 of Circular No. 818/ 15/ 2005-CX should be maintained in the Range Office. 2. A monthly report shall be submitted by each Range Superintendent to the jurisdictional AC/ DC of the division about the number of returns received and scrutinized in ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
