https://www.taxtmi.com/caselaws?id=87259 Customer-supplied Centre Bearings and Reverse Sleeve Yokes fitted into the Propeller Shaft Assembly before clearance formed part of the assessable value under excise valuation principles. Non-inclusion of those items amounted to failure to disclose the correct duty base, supporting a finding of suppression and the consequent extended-period and penalty consequences. Penalty was held justified, though reduced in the circumstances from Rs. 25,000 to Rs. 10,000. en-us Thu, 28 Aug 1997 00:00:00 +0530 Sat, 03 Sep 2011 17:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87259 Customer-supplied Centre Bearings and Reverse Sleeve Yokes fitted into the Propeller Shaft Assembly before clearance formed part of the assessable value under excise valuation principles. Non-inclusion of those items amounted to failure to disclose the correct duty base, supporting a finding of suppression and the consequent extended-period and penalty consequences. Penalty was held justified, though reduced in the circumstances from Rs. 25,000 to Rs. 10,000. Case-Laws Central Excise Thu, 28 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87259