https://www.taxtmi.com/caselaws?id=108473 Delay in finalising a provisional assessment does not by itself extinguish liability to pay duty where the governing rule prescribes no limitation period for such finalisation or for the consequential adjustment. The article distinguishes authority suggesting action within a reasonable time, noting that it does not create a hard statutory time bar for assessment finalisation or recovery after finalisation. On that basis, the duty demand arising from provisional clearances remained enforceable despite the late RT-12 adjustment, and the Revenue's position was sustained. en-us Wed, 09 Apr 2003 00:00:00 +0530 Sat, 31 Mar 2012 17:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108473 Delay in finalising a provisional assessment does not by itself extinguish liability to pay duty where the governing rule prescribes no limitation period for such finalisation or for the consequential adjustment. The article distinguishes authority suggesting action within a reasonable time, noting that it does not create a hard statutory time bar for assessment finalisation or recovery after finalisation. On that basis, the duty demand arising from provisional clearances remained enforceable despite the late RT-12 adjustment, and the Revenue's position was sustained. Case-Laws Central Excise Wed, 09 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108473