https://www.taxtmi.com/caselaws?id=78322 Extended limitation could not be invoked for the main differential duty on processed fabrics because the assessee followed a valuation method supported by then-prevailing Tribunal views and acted under bona fide belief, so there was no suppression, fraud or wilful misstatement; the assessee was therefore entitled to deemed credit, subject to recomputation in de novo proceedings. Packing charges, however, were differently treated: charges recovered before the transaction value regime were excluded where goods were ordinarily sold without packing, but for the later period undisclosed packing charges formed part of transaction value and justified the extended period for that limited demand. The main duty demand was time-barred, while the packing-charge demand survived for the relevant period. en-us Mon, 26 Oct 2009 00:00:00 +0530 Sat, 13 Nov 2010 13:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78322 Extended limitation could not be invoked for the main differential duty on processed fabrics because the assessee followed a valuation method supported by then-prevailing Tribunal views and acted under bona fide belief, so there was no suppression, fraud or wilful misstatement; the assessee was therefore entitled to deemed credit, subject to recomputation in de novo proceedings. Packing charges, however, were differently treated: charges recovered before the transaction value regime were excluded where goods were ordinarily sold without packing, but for the later period undisclosed packing charges formed part of transaction value and justified the extended period for that limited demand. The main duty demand was time-barred, while the packing-charge demand survived for the relevant period. Case-Laws Central Excise Mon, 26 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78322