https://www.taxtmi.com/caselaws?id=125693 Free gifts supplied with lubricating oil on a job-work clearance were treated as part of the assessable value because their cost formed part of the sales promotion and clearance arrangement, so the duty demand was sustained. Non-disclosure of the gift-packing arrangement in the price declaration amounted to suppression of facts, and the extended period of limitation was rightly invoked. Once undervaluation with suppression was upheld, penalty under Section 11AC followed as a mandatory duty-linked penalty, so the reduced penalty was required to be enhanced to match the duty evaded. en-us Tue, 02 Dec 2008 00:00:00 +0530 Mon, 29 Oct 2012 12:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125693 Free gifts supplied with lubricating oil on a job-work clearance were treated as part of the assessable value because their cost formed part of the sales promotion and clearance arrangement, so the duty demand was sustained. Non-disclosure of the gift-packing arrangement in the price declaration amounted to suppression of facts, and the extended period of limitation was rightly invoked. Once undervaluation with suppression was upheld, penalty under Section 11AC followed as a mandatory duty-linked penalty, so the reduced penalty was required to be enhanced to match the duty evaded. Case-Laws Central Excise Tue, 02 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125693