Law · Central Excise Administration
Under the administrative framework of excise duty, which specific process is employed to determine tax liability, whereby the responsibility for calculation rests with the assessee and the department intervenes only in instances of suspected fraud or error?
- 1Compulsory Departmental Assessment
- 2Summary Assessment by Authorities
- 3Self-Assessment✓
- 4Provisional Liability Assessment
Correct answer
Self-Assessment
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