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    <title>Final assessment - excise</title>
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    <description>Final assessment in central excise lacks a formal assessment scheme; the department proceeds by seeking information, conducting audits and, if a demand is contemplated, issuing a show cause notice. Taxpayers must retain and furnish supporting documents and respond to departmental or audit requests and to any show cause notice to address alleged liabilities.</description>
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      <title>Final assessment - excise</title>
      <link>https://www.taxtmi.com/forum/issue?id=1184</link>
      <description>Final assessment in central excise lacks a formal assessment scheme; the department proceeds by seeking information, conducting audits and, if a demand is contemplated, issuing a show cause notice. Taxpayers must retain and furnish supporting documents and respond to departmental or audit requests and to any show cause notice to address alleged liabilities.</description>
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      <law>Central Excise</law>
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