https://www.taxtmi.com/caselaws?id=93474 In central excise valuation, the value of pig iron supplied free of cost by the buyer was includible in the assessable value of the manufactured goods, because free supply forming part of the final product remained relevant to valuation. Non-disclosure of such free supplies and a declaration that no additional consideration flowed from the buyer constituted suppression of material facts, so the extended limitation period under the proviso to Section 11A applied and the demand was not time-barred. Penalty under Section 11AC and the interest demand were nevertheless unsustainable for the period in dispute, as the relevant provisions were not in force, while the separate Rule 173Q penalty was sustained. en-us Mon, 22 May 2000 00:00:00 +0530 Fri, 11 Nov 2011 16:21:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93474 In central excise valuation, the value of pig iron supplied free of cost by the buyer was includible in the assessable value of the manufactured goods, because free supply forming part of the final product remained relevant to valuation. Non-disclosure of such free supplies and a declaration that no additional consideration flowed from the buyer constituted suppression of material facts, so the extended limitation period under the proviso to Section 11A applied and the demand was not time-barred. Penalty under Section 11AC and the interest demand were nevertheless unsustainable for the period in dispute, as the relevant provisions were not in force, while the separate Rule 173Q penalty was sustained. Case-Laws Central Excise Mon, 22 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93474