https://www.taxtmi.com/caselaws?id=92619 Excise valuation under the relevant rules permits addition only of consideration flowing directly or indirectly from the buyer under the sale transaction. A government subsidy paid through the purchaser was treated as a separate support arrangement and not part of the rigs' sale price, so it could not be included in assessable value. The article also notes that where the price list and returns were disclosed and approved, a differential duty demand raised nearly two years later could not invoke the extended limitation period absent proof of suppression. The connected duty demand and penalty were therefore unsustainable. en-us Mon, 08 Nov 1999 00:00:00 +0530 Wed, 02 Nov 2011 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92619 Excise valuation under the relevant rules permits addition only of consideration flowing directly or indirectly from the buyer under the sale transaction. A government subsidy paid through the purchaser was treated as a separate support arrangement and not part of the rigs' sale price, so it could not be included in assessable value. The article also notes that where the price list and returns were disclosed and approved, a differential duty demand raised nearly two years later could not invoke the extended limitation period absent proof of suppression. The connected duty demand and penalty were therefore unsustainable. Case-Laws Central Excise Mon, 08 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92619