https://www.taxtmi.com/caselaws?id=126380 Provisional assessment under excise law remains linked to each clearance or invoice where duty or valuation is uncertain. Finalisation must therefore be done invoice-wise, and it cannot be converted into an annual netting exercise by setting off excess payment against short payment across the whole period. Board instructions were read as supporting return-wise or issue-wise finalisation with differential duty and interest, and the plea of revenue neutrality was rejected on the facts because excess credit at the smelting unit did not override the invoice-wise basis of assessment. en-us Thu, 14 May 2009 00:00:00 +0530 Wed, 30 Aug 2017 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126380 Provisional assessment under excise law remains linked to each clearance or invoice where duty or valuation is uncertain. Finalisation must therefore be done invoice-wise, and it cannot be converted into an annual netting exercise by setting off excess payment against short payment across the whole period. Board instructions were read as supporting return-wise or issue-wise finalisation with differential duty and interest, and the plea of revenue neutrality was rejected on the facts because excess credit at the smelting unit did not override the invoice-wise basis of assessment. Case-Laws Central Excise Thu, 14 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126380