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of <h1>Circular Mandates Finalizing Central Excise Provisional Assessments in 6 Months, Extensions Allowed Based on Merit.</h1> The circular addresses the issue of delays in finalizing provisional assessments in Central Excise, as highlighted by the Public Accounts Committee. It mandates that all provisional assessments be finalized within six months, with possible extensions up to one year by the Commissioner and further by the Chief Commissioner based on merit. It emphasizes strict monitoring, ensuring that provisional assessments are backed by sufficient bonds and securities, and mandates the renewal of bank guarantees. Officers must make diligent efforts to obtain necessary information, and any delays in finalizing assessments should result in enforcing bonds to protect revenue. The circular modifies previous procedures outlined in Circular No. 288/4/97-CX.
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