https://www.taxtmi.com/caselaws?id=76780 Extended limitation under excise law requires proof of suppression of material facts with intent to evade duty; where declarations on price reduction and the manufacturing agreement were already filed, the extended period and related penalty could not be sustained. Valuation of goods also could not include the entire consideration for transfer of technical know-how where the know-how covered more brands than the manufacturing agreement and no workable mechanism existed to attribute that amount to the goods cleared. The demand and penalties were therefore unsustainable. en-us Thu, 07 May 2009 00:00:00 +0530 Sat, 17 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76780 Extended limitation under excise law requires proof of suppression of material facts with intent to evade duty; where declarations on price reduction and the manufacturing agreement were already filed, the extended period and related penalty could not be sustained. Valuation of goods also could not include the entire consideration for transfer of technical know-how where the know-how covered more brands than the manufacturing agreement and no workable mechanism existed to attribute that amount to the goods cleared. The demand and penalties were therefore unsustainable. Case-Laws Central Excise Thu, 07 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76780