https://www.taxtmi.com/caselaws?id=111703 Where bulk clearances to industrial users raised a bona fide valuation doubt between section 4 and section 4A, the assessee disclosed the position after the Board clarified the issue, reworked duty on its own, and paid the differential duty with interest before notice. In the absence of suppression or wilful misstatement, the extended limitation period under the proviso to section 11A was not invocable and the demand was time-barred. For the same reason, voluntary compliance before the show cause notice removed the basis for penal action, so the penalty was unsustainable. en-us Fri, 23 Apr 2004 00:00:00 +0530 Tue, 24 Apr 2012 17:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111703 Where bulk clearances to industrial users raised a bona fide valuation doubt between section 4 and section 4A, the assessee disclosed the position after the Board clarified the issue, reworked duty on its own, and paid the differential duty with interest before notice. In the absence of suppression or wilful misstatement, the extended limitation period under the proviso to section 11A was not invocable and the demand was time-barred. For the same reason, voluntary compliance before the show cause notice removed the basis for penal action, so the penalty was unsustainable. Case-Laws Central Excise Fri, 23 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111703