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of <h1>Rule 7: Provisional Duty Payment Process for Excisable Goods, Including Bonds, Interest, and Refunds Explained.</h1> Rule 7 of the Central Excise Rules, 2002, outlines the process for provisional assessment when an assessee cannot determine the value or duty rate of excisable goods. The assessee can request provisional duty payment from the Assistant or Deputy Commissioner, who may require a bond to cover any differences upon final assessment. Final assessment must occur within six months, extendable by higher authorities. Interest is applicable on unpaid provisional duties past their due date. Refunds from final assessments may include interest, credited to the Fund unless the duty wasn't passed on to others.
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