https://www.taxtmi.com/caselaws?id=99193 Where the normal factory gate sale price under section 4(1)(a) was available and undisputed, it had to be adopted as the assessable value for tea chest plywood, even though two buyers purchased at a lower price and resold the goods at a higher price; the contrary valuation was unsustainable. The duty demand was also held to be time-barred because the assessee had disclosed the pricing arrangement to the jurisdictional Superintendent, placing the material facts within departmental knowledge, while the show cause notice was issued beyond the normal six-month period. The duty and penalty confirmation was set aside and consequential relief followed. en-us Thu, 07 Sep 2000 00:00:00 +0530 Wed, 25 Jan 2012 15:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99193 Where the normal factory gate sale price under section 4(1)(a) was available and undisputed, it had to be adopted as the assessable value for tea chest plywood, even though two buyers purchased at a lower price and resold the goods at a higher price; the contrary valuation was unsustainable. The duty demand was also held to be time-barred because the assessee had disclosed the pricing arrangement to the jurisdictional Superintendent, placing the material facts within departmental knowledge, while the show cause notice was issued beyond the normal six-month period. The duty and penalty confirmation was set aside and consequential relief followed. Case-Laws Central Excise Thu, 07 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99193