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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Finance Ministry Clarifies: No Provisional Price-List Approvals Allowed in Central Excise; Follow Rule 9B for Provisional Assessments.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the issue of Central Excise Officers approving price-lists with remarks such as 'approved subject to verification of prices' and incorrectly treating this as provisional approval under Rule 9B. It emphasizes that price-lists and classification lists should only be approved finally, as there is no provision for provisional approval in Central Excise Law. Provisional assessments require a specific written order from the proper Central Excise Officer, directing the assessment at a specified price or duty rate and necessitating the execution of a bond by the assessee. Compliance with these requirements is mandatory.