Provisional assessment procedures clarified; proper officer may direct provisional valuation, require bond and make final assessment. Amendments formalise provisional assessment under rule 9B allowing an assessee unable to determine value or classification to request provisional assessment; the proper officer may direct provisional assessment at an indicated rate or value subject to bond or security and shall make the final assessment. The definition of assessment expressly includes self assessment and provisional assessment. Invoicing copies and markings are revised, assessees must disclose marketing and discount particulars, preserve accounts and computer records, and the proper officer is empowered to scrutinise returns, require documents, pass assessment orders recoverable under statutory provisions and order refunds where overpayment is found.
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Provisional assessment procedures clarified; proper officer may direct provisional valuation, require bond and make final assessment.
Amendments formalise provisional assessment under rule 9B allowing an assessee unable to determine value or classification to request provisional assessment; the proper officer may direct provisional assessment at an indicated rate or value subject to bond or security and shall make the final assessment. The definition of assessment expressly includes self assessment and provisional assessment. Invoicing copies and markings are revised, assessees must disclose marketing and discount particulars, preserve accounts and computer records, and the proper officer is empowered to scrutinise returns, require documents, pass assessment orders recoverable under statutory provisions and order refunds where overpayment is found.
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