https://www.taxtmi.com/caselaws?id=93068 Under central excise valuation principles, genuine sales to an independent buyer may be adopted as the assessable value for comparable clearances where no special circumstance distorts the transaction. The text also notes that, where the higher duty is available as credit in the consuming factories, the overall duty impact is neutralised. Penalty under Section 11AC requires intent to evade duty; absent evidence of such intent or suppression, penalty is not sustainable. The extended limitation period under Section 11A likewise depends on wilful suppression or misstatement with intent to evade, and cannot be invoked where the relevant product details and prices were already disclosed. en-us Tue, 30 Nov 1999 00:00:00 +0530 Tue, 08 Nov 2011 11:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93068 Under central excise valuation principles, genuine sales to an independent buyer may be adopted as the assessable value for comparable clearances where no special circumstance distorts the transaction. The text also notes that, where the higher duty is available as credit in the consuming factories, the overall duty impact is neutralised. Penalty under Section 11AC requires intent to evade duty; absent evidence of such intent or suppression, penalty is not sustainable. The extended limitation period under Section 11A likewise depends on wilful suppression or misstatement with intent to evade, and cannot be invoked where the relevant product details and prices were already disclosed. Case-Laws Central Excise Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93068