We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Provisional assessment allows payment of tax on provisional value or rate pending final determination, secured by bond. The statute allows a taxable person unable to determine value or tax rate to seek a provisional assessment, permitting provisional tax payment at a rate or value specified by the proper officer. Provisional payment requires execution of a prescribed bond with surety or security, securing payment of any difference between provisional and final tax. The proper officer must finalise assessment within six months, subject to limited extensions, and interest is payable on unpaid provisional tax from the original due date until actual payment; refunds following final assessment attract interest under the refund provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Provisional assessment allows payment of tax on provisional value or rate pending final determination, secured by bond.</h1> The statute allows a taxable person unable to determine value or tax rate to seek a provisional assessment, permitting provisional tax payment at a rate or value specified by the proper officer. Provisional payment requires execution of a prescribed bond with surety or security, securing payment of any difference between provisional and final tax. The proper officer must finalise assessment within six months, subject to limited extensions, and interest is payable on unpaid provisional tax from the original due date until actual payment; refunds following final assessment attract interest under the refund provisions.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
