https://www.taxtmi.com/caselaws?id=89739 Goods transferred to selling agents were not sales to a distinct class of buyers because no sale existed at the time of removal and the eventual buyers were unidentified; valuation therefore had to follow the normal factory-gate price already approved, not the transfer invoice or later resale price. The true nature of the clearances was also withheld in the price list, amounting to suppression of material facts with intent to evade duty; extended limitation and penalty were therefore sustainable. The duty demand, extended period, and penalty were upheld. en-us Thu, 09 Oct 1997 00:00:00 +0530 Thu, 29 Sep 2011 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89739 Goods transferred to selling agents were not sales to a distinct class of buyers because no sale existed at the time of removal and the eventual buyers were unidentified; valuation therefore had to follow the normal factory-gate price already approved, not the transfer invoice or later resale price. The true nature of the clearances was also withheld in the price list, amounting to suppression of material facts with intent to evade duty; extended limitation and penalty were therefore sustainable. The duty demand, extended period, and penalty were upheld. Case-Laws Central Excise Thu, 09 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89739