https://www.taxtmi.com/caselaws?id=123439 Deliberate suppression of the true valuation basis by under-valuing captive-consumption clearances attracts the extended period of limitation where the assessee's declarations, returns and invoices fail to disclose the differential pricing structure. The record showed a conscious reduction in the captive-consumption price through an internal resolution, rather than any bona fide distinction based on strength, market conditions or stock position, supporting intent to evade duty. As the duty demand on merits was not challenged, the confirmed demand stood, and the consequential levy of interest and penalty was also maintained. en-us Wed, 20 Feb 2008 00:00:00 +0530 Fri, 14 Sep 2012 10:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123439 Deliberate suppression of the true valuation basis by under-valuing captive-consumption clearances attracts the extended period of limitation where the assessee's declarations, returns and invoices fail to disclose the differential pricing structure. The record showed a conscious reduction in the captive-consumption price through an internal resolution, rather than any bona fide distinction based on strength, market conditions or stock position, supporting intent to evade duty. As the duty demand on merits was not challenged, the confirmed demand stood, and the consequential levy of interest and penalty was also maintained. Case-Laws Central Excise Wed, 20 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123439