Section 71(3)(b) in The M.P. Vanijyik Kar Adhiniyam, 1994
(b)The [Appellate Board] [Substituted by M.P. Vanijyik Kar (Sanshodhan) Act, 2003 (32 of 2003) for the word 'Tribunal' w.e.f. 30-9-2003.] may rectify any order passed by it-(i)on its own motion at any time within one calender year from the date of passing of such order; and(ii)on an application made by the dealer or the Commissioner, at any time within one calender year from the date of receipt of such application.