https://www.taxtmi.com/caselaws?id=83196 Split invoicing used to depress the price of compressors and shift part of the consideration to exempt accessories was treated as a manipulated valuation device, so the declared price was not accepted as the true wholesale cash price for assessment under Section 4. Deliberate undervaluation and suppression of material facts supported invocation of the extended limitation period under the proviso to Section 11A, making the duty demand not time-barred. Penal action under Rule 173Q(1)(d) was justified in principle for suppression and undervaluation, but the penalty amount was moderated in light of the overall facts. en-us Wed, 02 Feb 1994 00:00:00 +0530 Mon, 11 Jul 2011 16:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83196 Split invoicing used to depress the price of compressors and shift part of the consideration to exempt accessories was treated as a manipulated valuation device, so the declared price was not accepted as the true wholesale cash price for assessment under Section 4. Deliberate undervaluation and suppression of material facts supported invocation of the extended limitation period under the proviso to Section 11A, making the duty demand not time-barred. Penal action under Rule 173Q(1)(d) was justified in principle for suppression and undervaluation, but the penalty amount was moderated in light of the overall facts. Case-Laws Central Excise Wed, 02 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83196