https://www.taxtmi.com/caselaws?id=118038 Excise valuation for clearances to another unit could not be fixed on the basis of one isolated retail sale made in special circumstances, because a stray transaction did not represent the normal price for the longer period in dispute; the department had to adopt the proper statutory valuation basis, and its valuation method failed on merits. The duty demand was also time barred because the assessee had disclosed the relevant clearance and price details and explained the price difference, so suppression of facts was not established and the extended limitation period could not be invoked. The assessee therefore succeeded on both valuation and limitation. en-us Tue, 25 Apr 2006 00:00:00 +0530 Thu, 28 Jun 2012 10:18:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118038 Excise valuation for clearances to another unit could not be fixed on the basis of one isolated retail sale made in special circumstances, because a stray transaction did not represent the normal price for the longer period in dispute; the department had to adopt the proper statutory valuation basis, and its valuation method failed on merits. The duty demand was also time barred because the assessee had disclosed the relevant clearance and price details and explained the price difference, so suppression of facts was not established and the extended limitation period could not be invoked. The assessee therefore succeeded on both valuation and limitation. Case-Laws Central Excise Tue, 25 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118038