https://www.taxtmi.com/caselaws?id=108510 Annual capacity of an induction furnace was upheld at 8 MT where joint verification, crucible measurements, contemporaneous production records and power-consumption data supported the Department's determination, and the assessee's later objection to a 4.5 MT capacity was rejected. The duty demand was held not barred by limitation because the assessment had been provisionally approved on the assessee's declaration and was later finalised by completing the assessment process; the absence of a bond did not negate the provisional character. Confiscation of seized goods and penalty were set aside because duty under the compounded levy scheme was payable on the determined capacity, making those ancillary consequences unwarranted. en-us Thu, 22 May 2003 00:00:00 +0530 Sat, 31 Mar 2012 18:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108510 Annual capacity of an induction furnace was upheld at 8 MT where joint verification, crucible measurements, contemporaneous production records and power-consumption data supported the Department's determination, and the assessee's later objection to a 4.5 MT capacity was rejected. The duty demand was held not barred by limitation because the assessment had been provisionally approved on the assessee's declaration and was later finalised by completing the assessment process; the absence of a bond did not negate the provisional character. Confiscation of seized goods and penalty were set aside because duty under the compounded levy scheme was payable on the determined capacity, making those ancillary consequences unwarranted. Case-Laws Central Excise Thu, 22 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108510