https://www.taxtmi.com/caselaws?id=112360 Excise valuation may treat export clearances made under separate contracts as sales to a distinct class of buyers from domestic clearances. Different export and home-consumption prices are permissible where supported by differing commercial conditions, including international competition and fluctuating export-market prices; export contract values therefore need not be equated with domestic prices. Extended limitation cannot apply merely because a notice is issued after the ordinary period: suppression of material facts or wilful misstatement, coupled with intent to evade duty, is required. Disclosure of invoices, returns, export documents and the respective price structures negates such suppression and renders the demand time-barred. en-us Fri, 16 Jul 2004 00:00:00 +0530 Fri, 27 Apr 2012 17:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112360 Excise valuation may treat export clearances made under separate contracts as sales to a distinct class of buyers from domestic clearances. Different export and home-consumption prices are permissible where supported by differing commercial conditions, including international competition and fluctuating export-market prices; export contract values therefore need not be equated with domestic prices. Extended limitation cannot apply merely because a notice is issued after the ordinary period: suppression of material facts or wilful misstatement, coupled with intent to evade duty, is required. Disclosure of invoices, returns, export documents and the respective price structures negates such suppression and renders the demand time-barred. Case-Laws Central Excise Fri, 16 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112360