Provisional Assessment: refineries may use provisional assessment when consignments for end use exemptions are unidentifiable, subject to conditions. Where a refinery cannot identify at removal which consignments will qualify for end use exemptions, it may opt for Provisional Assessment, subject to documentary support of end user requirements, compliance with provisional assessment and bond procedures, submission of reconciliation within a fortnight of delivery, payment of duty on quantities cleared from the refinery with liability for any differential, and jurisdictional Commissioner monitoring to ensure timely finalisation; no post removal abatement for storage losses is permitted.
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 Assessment: refineries may use provisional assessment when consignments for end use exemptions are unidentifiable, subject to conditions.
Where a refinery cannot identify at removal which consignments will qualify for end use exemptions, it may opt for Provisional Assessment, subject to documentary support of end user requirements, compliance with provisional assessment and bond procedures, submission of reconciliation within a fortnight of delivery, payment of duty on quantities cleared from the refinery with liability for any differential, and jurisdictional Commissioner monitoring to ensure timely finalisation; no post removal abatement for storage losses is permitted.
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