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of <h1>Understanding Central Excise: Self-Assessment & Provisional Assessment Procedures Under Rule 7 Explained</h1> The Central Excise Practice Manual outlines the procedures for assessment and provisional assessment under Central Excise Rules. Assessment involves determining tax liability, including self-assessment by the taxpayer and provisional assessment under Rule 7. An assessee is responsible for duty payment on excisable goods. Provisional assessment requires filing a request with specific details and executing a bond. Final assessment follows within six months, with refunds or additional payments adjusted accordingly. Scrutiny of returns occurs in two stages, with detailed checks for discrepancies. Provisional assessments remain provisional until finalized, affecting demand and refund timelines. Self-assessment is mandatory, except for cigarettes.
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