https://www.taxtmi.com/caselaws?id=95453 An assessee's failure to include the amortisation value of moulds and dies supplied free of cost in the assessable value of motorcycle components was treated as suppression with intent to evade duty. The Tribunal noted that the requirement to include that value had been settled since 1995, yet the assessee continued to exclude it despite availing Modvat credit on the moulds and dies. On that basis, the extended period of limitation was held to be invocable, and the consequential demand, penalty, and interest were upheld. en-us Mon, 29 Jan 2001 00:00:00 +0530 Mon, 12 Dec 2011 15:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95453 An assessee's failure to include the amortisation value of moulds and dies supplied free of cost in the assessable value of motorcycle components was treated as suppression with intent to evade duty. The Tribunal noted that the requirement to include that value had been settled since 1995, yet the assessee continued to exclude it despite availing Modvat credit on the moulds and dies. On that basis, the extended period of limitation was held to be invocable, and the consequential demand, penalty, and interest were upheld. Case-Laws Central Excise Mon, 29 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95453