https://www.taxtmi.com/caselaws?id=209852 Suppression of the correct assessable value with intent to evade duty was found on the facts because the valuation declared under Rule 173C of the Central Excise Rules, 1944 was lower than the prevailing consignment sale value and the correct value was not disclosed to the department. That deliberate omission justified invocation of the extended period of limitation and sustained the consequential liability to interest and penalty. The demand, interest, and penalty were upheld in favour of the Revenue. en-us Fri, 08 Apr 2011 00:00:00 +0530 Wed, 10 Jul 2013 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209852 Suppression of the correct assessable value with intent to evade duty was found on the facts because the valuation declared under Rule 173C of the Central Excise Rules, 1944 was lower than the prevailing consignment sale value and the correct value was not disclosed to the department. That deliberate omission justified invocation of the extended period of limitation and sustained the consequential liability to interest and penalty. The demand, interest, and penalty were upheld in favour of the Revenue. Case-Laws Central Excise Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209852