Thursday, 13 November 2014

Presence of price variation clause doesn't make assessment 'provisional'; no extended term for refun

Excise & Customs : Where assessee : (a) was clearing cylinders under price variation clause, (b) had not opted for provisional assessment and (c) was paying differential duty on supplementary invoices, said self-assessment by assessee was not provisional but final assessment; therefore, benefit of extension of time-limit for refund claim was not available


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