https://www.taxtmi.com/caselaws?id=124248 Duty demand was held time-barred because the assessee had disclosed the valuation method and scrap-credit treatment to the department and had acted on the then-prevailing Tribunal view that scrap value was not includible in the assessable value of job-worked goods. The later Supreme Court ruling on includibility did not establish suppression, wilful misstatement, or intent to evade duty for the relevant period, so the extended limitation period was not available. As the demand was barred by limitation, the associated penalties were also set aside. en-us Tue, 24 Jun 2008 00:00:00 +0530 Thu, 27 Sep 2012 11:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124248 Duty demand was held time-barred because the assessee had disclosed the valuation method and scrap-credit treatment to the department and had acted on the then-prevailing Tribunal view that scrap value was not includible in the assessable value of job-worked goods. The later Supreme Court ruling on includibility did not establish suppression, wilful misstatement, or intent to evade duty for the relevant period, so the extended limitation period was not available. As the demand was barred by limitation, the associated penalties were also set aside. Case-Laws Central Excise Tue, 24 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124248