https://www.taxtmi.com/caselaws?id=82994 Extended limitation was held invocable where the manufacturer suppressed material facts about other manufacturing units while claiming small scale exemption based on aggregate clearances from all factories; the plea of bona fide belief failed, and the absence of the exact words "wilful suppression" did not prevent confirmation of duty and penalty. The valuation of excisable goods, however, was not finally settled for quantification purposes, so the matter was remanded for fresh hearing on the limited valuation points and reassessment of assessable value under Section 4 before recalculating duty and penalty. en-us Tue, 18 May 1993 00:00:00 +0530 Fri, 08 Jul 2011 17:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82994 Extended limitation was held invocable where the manufacturer suppressed material facts about other manufacturing units while claiming small scale exemption based on aggregate clearances from all factories; the plea of bona fide belief failed, and the absence of the exact words "wilful suppression" did not prevent confirmation of duty and penalty. The valuation of excisable goods, however, was not finally settled for quantification purposes, so the matter was remanded for fresh hearing on the limited valuation points and reassessment of assessable value under Section 4 before recalculating duty and penalty. Case-Laws Central Excise Tue, 18 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82994