https://www.taxtmi.com/article/detailed?id=1194 The amended section 11A preserves normal and extended limitation windows for show cause notices while introducing an express mechanism for pre notice payment that, if intimated in writing, bars issuance of a show cause notice except for any shortfall. Audit discovered discrepancies supported by specified records permit recovery within the extended period with duty, interest and an elevated penalty, but the person may preempt notice by paying duty with interest and a reduced monthly penalty up to a cap. The amendments add exclusion of stay periods, adjudication timelines and mandated opportunity to be heard. en-us Mon, 07 Mar 2011 23:32:34 +0530 Mon, 07 Mar 2011 23:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1194 The amended section 11A preserves normal and extended limitation windows for show cause notices while introducing an express mechanism for pre notice payment that, if intimated in writing, bars issuance of a show cause notice except for any shortfall. Audit discovered discrepancies supported by specified records permit recovery within the extended period with duty, interest and an elevated penalty, but the person may preempt notice by paying duty with interest and a reduced monthly penalty up to a cap. The amendments add exclusion of stay periods, adjudication timelines and mandated opportunity to be heard. Articles Central Excise Mon, 07 Mar 2011 23:32:34 +0530 https://www.taxtmi.com/article/detailed?id=1194