https://www.taxtmi.com/caselaws?id=113986 Captively consumed excisable goods must be valued under the comparable goods method where home-consumption clearances provide a usable benchmark, with adjustments for relevant differences; cost construction applies only if comparable goods valuation is not possible, so the duty valuation in this matter favoured the assessee. The extended limitation period cannot be invoked absent suppression of material facts with intent to evade duty, and disclosed valuation details in correspondence, price lists, and supporting records defeated the allegation of suppression. On that basis, the duty demand and consequential penalty were held unsustainable, and the appeal succeeded in full. en-us Tue, 13 Jul 2004 00:00:00 +0530 Wed, 09 May 2012 16:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113986 Captively consumed excisable goods must be valued under the comparable goods method where home-consumption clearances provide a usable benchmark, with adjustments for relevant differences; cost construction applies only if comparable goods valuation is not possible, so the duty valuation in this matter favoured the assessee. The extended limitation period cannot be invoked absent suppression of material facts with intent to evade duty, and disclosed valuation details in correspondence, price lists, and supporting records defeated the allegation of suppression. On that basis, the duty demand and consequential penalty were held unsustainable, and the appeal succeeded in full. Case-Laws Central Excise Tue, 13 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113986