Provisional assessment

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.... be specified by him.           (2) The payment of duty on provisional basis may be allowed, if the assessee executes a bond in the form prescribed by notification by the Board with such surety or security in such amount as the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise, as the case may be, deem fit, binding the assessee for payment of difference between the amount of duty as may be finally assessed and the amount of duty provisionally assessed.          (3) The Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise, as the case may be, shall pass order for f....

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....Rs. 5000 is paid on the 6th February, 2015 [due date under sub-rule (1) of rule 8], a further duty of Rs. 9000 is paid on the 15th April, 2015, and on the same day the documents for final assessment are submitted by the assessee. Final assessment order is issued on the 18th June, 2015, assessing the duty payable on goods as Rs. 15000, and consequently the assessee pays a duty of Rs. 1000 on the 30th June, 2015, then no interest shall be payable on Rs. 5000, interest shall be payable on Rs. 9000 from the 7th February, 2015, till the 15th April, 2015, and interest shall be payable on Rs. 1000 from the 7th February, 2015, till the 30th June, 2015 as due date for payment of duty of Rs. 15000 is the 6th February, 2015.]     &....