Provisional assessment bond secures excise duty obligations and permits enforcement against surety or deposited securities on demand.

Bond for provisional assessment under Rule 7 requires the obligor to provide a surety bond or security deposit/bank guarantee to secure payment of excise duty where final assessment is pending. The obligor must observe the Central Excise (No. 2) Rules, 2001; all dues and interest demandable on goods removed after provisional assessment must be paid into the treasury within ten days of written demand. Surety liability is joint and several and not discharged by Government forbearance; the Government may appropriate deposited securities to make good any loss.

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