https://www.taxtmi.com/caselaws?id=211964 Mandatory disclosure of valuation particulars under Rule 173C of the Central Excise Rules, 1944 was treated as an essential statutory safeguard, not a mere procedural formality. Non-filing of the declaration and failure to inform the department that goods were being undervalued amounted to non-disclosure of material facts. On that basis, such conduct constituted suppression with intent to evade duty, making invocation of the extended period of limitation justified and attracting penalty provisions. The conclusion recorded was that the assessee's favour was unsustainable. en-us Wed, 09 Sep 2009 00:00:00 +0530 Sat, 07 Apr 2012 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211964 Mandatory disclosure of valuation particulars under Rule 173C of the Central Excise Rules, 1944 was treated as an essential statutory safeguard, not a mere procedural formality. Non-filing of the declaration and failure to inform the department that goods were being undervalued amounted to non-disclosure of material facts. On that basis, such conduct constituted suppression with intent to evade duty, making invocation of the extended period of limitation justified and attracting penalty provisions. The conclusion recorded was that the assessee's favour was unsustainable. Case-Laws Central Excise Wed, 09 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211964