https://www.taxtmi.com/caselaws?id=97643 Processed fabric valuation required fresh examination because the adjudicating authority had not addressed specific objections on the fabric's width and true value, and additional evidence was relevant to assessable value and duty liability. The valuation issue was therefore remanded for reconsideration on the expanded record. Interest and penalty could not be levied for the period before the statutory provisions came into force on 28-9-1996; accordingly, interest under Section 11AB and penalty under Section 11AC were held inapplicable for the earlier period and had to be recalculated in accordance with law. The finding of clandestine clearance and duty liability was maintained. en-us Wed, 11 Oct 2000 00:00:00 +0530 Tue, 17 Jan 2012 15:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97643 Processed fabric valuation required fresh examination because the adjudicating authority had not addressed specific objections on the fabric's width and true value, and additional evidence was relevant to assessable value and duty liability. The valuation issue was therefore remanded for reconsideration on the expanded record. Interest and penalty could not be levied for the period before the statutory provisions came into force on 28-9-1996; accordingly, interest under Section 11AB and penalty under Section 11AC were held inapplicable for the earlier period and had to be recalculated in accordance with law. The finding of clandestine clearance and duty liability was maintained. Case-Laws Central Excise Wed, 11 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97643