https://www.taxtmi.com/caselaws?id=88280 Excise valuation requires the sale price to be treated as cum-duty price, with deduction for excise duty and sales tax payable even where those amounts were not separately recovered from buyers. Fresh determination was required on sales-tax deduction based on the available facts and certificates. Modvat credit cannot be denied solely for failure to complete declarations or account formalities where the assessee is otherwise eligible; eligibility required reconsideration. Show cause notices issued within the normal period by a competent officer remained valid despite unnecessary suppression allegations, and the extended-period objection to the later notice failed. Penalty could not be mechanically fixed as a percentage of demand and required fresh determination with valuation and credit issues. en-us Mon, 22 Dec 1997 00:00:00 +0530 Fri, 16 Sep 2011 16:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88280 Excise valuation requires the sale price to be treated as cum-duty price, with deduction for excise duty and sales tax payable even where those amounts were not separately recovered from buyers. Fresh determination was required on sales-tax deduction based on the available facts and certificates. Modvat credit cannot be denied solely for failure to complete declarations or account formalities where the assessee is otherwise eligible; eligibility required reconsideration. Show cause notices issued within the normal period by a competent officer remained valid despite unnecessary suppression allegations, and the extended-period objection to the later notice failed. Penalty could not be mechanically fixed as a percentage of demand and required fresh determination with valuation and credit issues. Case-Laws Central Excise Mon, 22 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88280