https://www.taxtmi.com/news?id=419 Excise duty liability was enforced for clandestine removals where duty collected was not deposited, limiting immunity from interest and penalty while granting prosecution immunity upon full payment; reassessments based solely on the grounds framed in a show-cause notice were impermissible if no alternative demand was proposed; failures to issue speaking, reasoned orders breached natural justice. Capital goods credit depends on proof of captive use for mining equipment, with certain accessories allowable and spare parts disallowed; valuation notifications demand clear disclosure and engagement with authorities, affecting limitation and penalties. en-us Sun, 11 May 2008 23:23:00 +0530 Mon, 23 Jun 2008 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=419 Excise duty liability was enforced for clandestine removals where duty collected was not deposited, limiting immunity from interest and penalty while granting prosecution immunity upon full payment; reassessments based solely on the grounds framed in a show-cause notice were impermissible if no alternative demand was proposed; failures to issue speaking, reasoned orders breached natural justice. Capital goods credit depends on proof of captive use for mining equipment, with certain accessories allowable and spare parts disallowed; valuation notifications demand clear disclosure and engagement with authorities, affecting limitation and penalties. News - Sun, 11 May 2008 23:23:00 +0530 https://www.taxtmi.com/news?id=419