https://www.taxtmi.com/caselaws?id=101098 The note explains that invocation of the extended limitation period under the proviso to Section 11A of the Central Excise Act was upheld where the assessee withheld material documents, failed to follow the revised valuation procedure, and did not show full disclosure in its returns. It also states that transfer of an advance import licence by the buyer was treated as additional commercial consideration with monetary value for valuation under the Central Excise Valuation Rules, but that such consideration had to be folded into the price and the assessable value worked back on a price-cum-duty basis after giving credit for amounts already paid. The demand and penalty were therefore required to be recomputed. en-us Tue, 22 Jan 2002 00:00:00 +0530 Wed, 08 Feb 2012 16:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101098 The note explains that invocation of the extended limitation period under the proviso to Section 11A of the Central Excise Act was upheld where the assessee withheld material documents, failed to follow the revised valuation procedure, and did not show full disclosure in its returns. It also states that transfer of an advance import licence by the buyer was treated as additional commercial consideration with monetary value for valuation under the Central Excise Valuation Rules, but that such consideration had to be folded into the price and the assessable value worked back on a price-cum-duty basis after giving credit for amounts already paid. The demand and penalty were therefore required to be recomputed. Case-Laws Central Excise Tue, 22 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101098