https://www.taxtmi.com/caselaws?id=95876 Assessable value cannot be enhanced on a cost component unless the department proves that the disputed replacement material was actually received or borne as alleged. On transit insurance, inclusion of the related cost was not enough by itself to justify concealment where the assessee was not shown to have known of the insurance arrangement or withheld any supporting document. The extended limitation period under the proviso to section 11A(1) of the Central Excise Act, 1944 requires wilful suppression of facts known to the assessee; a mere failure to enquire further is insufficient. The demand was therefore barred by limitation. en-us Wed, 13 Dec 2000 00:00:00 +0530 Thu, 15 Dec 2011 15:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95876 Assessable value cannot be enhanced on a cost component unless the department proves that the disputed replacement material was actually received or borne as alleged. On transit insurance, inclusion of the related cost was not enough by itself to justify concealment where the assessee was not shown to have known of the insurance arrangement or withheld any supporting document. The extended limitation period under the proviso to section 11A(1) of the Central Excise Act, 1944 requires wilful suppression of facts known to the assessee; a mere failure to enquire further is insufficient. The demand was therefore barred by limitation. Case-Laws Central Excise Wed, 13 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95876