https://www.taxtmi.com/caselaws?id=87167 Depot clearances not covered by Notification No. 120/75 were required to be valued independently under Section 4(1)(a) of the Central Excise Act, with assessable value based on the depot selling price after permissible deductions for sales tax, insurance and transport charges. Suppression was established because the assessee did not file the required price lists and continued clearances on an incorrect duty basis despite departmental notice, so the extended limitation period was available and the show cause notice was not time-barred. The record also supported imposition of penalty under Rule 173Q for the incorrect duty payment and non-disclosure. en-us Thu, 29 May 1997 00:00:00 +0530 Sat, 03 Sep 2011 12:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87167 Depot clearances not covered by Notification No. 120/75 were required to be valued independently under Section 4(1)(a) of the Central Excise Act, with assessable value based on the depot selling price after permissible deductions for sales tax, insurance and transport charges. Suppression was established because the assessee did not file the required price lists and continued clearances on an incorrect duty basis despite departmental notice, so the extended limitation period was available and the show cause notice was not time-barred. The record also supported imposition of penalty under Rule 173Q for the incorrect duty payment and non-disclosure. Case-Laws Central Excise Thu, 29 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87167