Provisional duty assessment: statutory time-limit for finalisation with extension and suspension where specified legal processes operate. Amendments to section 18 rephrase provisional assessment authority, introduce sub-section (1B) requiring finalisation of provisional assessments within two years subject to a one year extension for sufficient cause, and add sub-section (1C) listing specific grounds that suspend that period (foreign information requests, pending appeals or stays, Board directions, and Settlement Commission or Interim Board applications), with a duty on the proper officer to inform the importer or exporter and to commence the time-limit when the reason for suspension ceases.
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.
Provisional duty assessment: statutory time-limit for finalisation with extension and suspension where specified legal processes operate.
Amendments to section 18 rephrase provisional assessment authority, introduce sub-section (1B) requiring finalisation of provisional assessments within two years subject to a one year extension for sufficient cause, and add sub-section (1C) listing specific grounds that suspend that period (foreign information requests, pending appeals or stays, Board directions, and Settlement Commission or Interim Board applications), with a duty on the proper officer to inform the importer or exporter and to commence the time-limit when the reason for suspension ceases.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
