https://www.taxtmi.com/caselaws?id=118574 Transaction value for processed fabrics may be rejected where the claimed finished-goods price is substantially below the raw-material price and the assessee does not satisfactorily explain the disparity; valuation may then be determined on an alternative basis. Extended limitation cannot rest on non-filing of a declaration under Rule 173C where the transaction does not fall within the specified circumstances requiring that declaration, including related-party sales, captive consumption, free distribution, non-sale removals, or inter-commissioner removals. In those circumstances, non-filing does not establish suppression or misdeclaration, so a time-barred demand and consequential penalty cannot survive. en-us Wed, 26 Jul 2006 00:00:00 +0530 Wed, 04 Jul 2012 12:28:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118574 Transaction value for processed fabrics may be rejected where the claimed finished-goods price is substantially below the raw-material price and the assessee does not satisfactorily explain the disparity; valuation may then be determined on an alternative basis. Extended limitation cannot rest on non-filing of a declaration under Rule 173C where the transaction does not fall within the specified circumstances requiring that declaration, including related-party sales, captive consumption, free distribution, non-sale removals, or inter-commissioner removals. In those circumstances, non-filing does not establish suppression or misdeclaration, so a time-barred demand and consequential penalty cannot survive. Case-Laws Central Excise Wed, 26 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118574