https://www.taxtmi.com/caselaws?id=202978 Filing a price declaration with full disclosure, even if in the wrong proforma, does not by itself amount to suppression of facts, so the extended limitation period and penalties were not sustainable. For clearances to a sister unit, duty had to be recomputed under Rule 8 of the Central Excise Valuation Rules, 2000 on CAS-4 cost of production basis with the prescribed profit element. The demand within the normal limitation period was therefore remanded for fresh quantification on that valuation basis, while the extended-period demand and penalties were set aside. en-us Wed, 09 Jun 2010 00:00:00 +0530 Wed, 02 Mar 2011 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202978 Filing a price declaration with full disclosure, even if in the wrong proforma, does not by itself amount to suppression of facts, so the extended limitation period and penalties were not sustainable. For clearances to a sister unit, duty had to be recomputed under Rule 8 of the Central Excise Valuation Rules, 2000 on CAS-4 cost of production basis with the prescribed profit element. The demand within the normal limitation period was therefore remanded for fresh quantification on that valuation basis, while the extended-period demand and penalties were set aside. Case-Laws Central Excise Wed, 09 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202978