https://www.taxtmi.com/caselaws?id=105082 Extended limitation for differential duty could not be sustained where the department already knew the essential facts from earlier correspondence, price-list proceedings and audit material; suppression by the assessee was not established, so the demand was time-barred. Assessable value under section 4 also had to reflect the manufacturer's normal wholesale price: when the price relied on was a related buyer's retail price, deduction of marketing expenses alone was insufficient because the wholesaler's margin of profit also had to be excluded. The valuation adopted by the Collector was therefore incorrect, and the departmental attempt to include additional amounts collected by the buyer was rejected. en-us Wed, 15 Jul 1998 00:00:00 +0530 Fri, 02 Mar 2012 14:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105082 Extended limitation for differential duty could not be sustained where the department already knew the essential facts from earlier correspondence, price-list proceedings and audit material; suppression by the assessee was not established, so the demand was time-barred. Assessable value under section 4 also had to reflect the manufacturer's normal wholesale price: when the price relied on was a related buyer's retail price, deduction of marketing expenses alone was insufficient because the wholesaler's margin of profit also had to be excluded. The valuation adopted by the Collector was therefore incorrect, and the departmental attempt to include additional amounts collected by the buyer was rejected. Case-Laws Central Excise Wed, 15 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105082