https://www.taxtmi.com/caselaws?id=193356 Excise valuation of footwear requires identification of the nearest wholesale market and application of the wholesale cash price prevailing at removal. Where the alleged wholesale price and subsequent resale price raise unresolved factual questions, writ jurisdiction is not suited to determine the valuation. Short-levy limitation depends on whether assessments were final or validly provisional: final assessments are subject to the prescribed limitation period, whereas provisional assessment treatment requires satisfaction of statutory conditions, including execution of the required bond. Demands outside the applicable limitation period are barred; demands relating to validly provisional assessments may remain recoverable. en-us Thu, 11 May 1967 00:00:00 +0530 Tue, 25 Jul 2017 17:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193356 Excise valuation of footwear requires identification of the nearest wholesale market and application of the wholesale cash price prevailing at removal. Where the alleged wholesale price and subsequent resale price raise unresolved factual questions, writ jurisdiction is not suited to determine the valuation. Short-levy limitation depends on whether assessments were final or validly provisional: final assessments are subject to the prescribed limitation period, whereas provisional assessment treatment requires satisfaction of statutory conditions, including execution of the required bond. Demands outside the applicable limitation period are barred; demands relating to validly provisional assessments may remain recoverable. Case-Laws Indian Laws Thu, 11 May 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193356