https://www.taxtmi.com/caselaws?id=239517 Compensation received from a buyer was not includible in the assessable value of tread rubber under the pre-amendment section 4 valuation scheme because the goods were sold to independent buyers at the same price and the payment was linked to financing and supply arrangements, not to the price of the goods; the valuation demand therefore failed on merits. Extended limitation under section 11A was also unavailable because the compensation had been disclosed in the assessee's books and balance sheet, and mere non-intimation to the department did not establish suppression with intent to evade duty; the demand was thus time-barred. en-us Fri, 26 Jul 2013 00:00:00 +0530 Sat, 26 Apr 2014 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239517 Compensation received from a buyer was not includible in the assessable value of tread rubber under the pre-amendment section 4 valuation scheme because the goods were sold to independent buyers at the same price and the payment was linked to financing and supply arrangements, not to the price of the goods; the valuation demand therefore failed on merits. Extended limitation under section 11A was also unavailable because the compensation had been disclosed in the assessee's books and balance sheet, and mere non-intimation to the department did not establish suppression with intent to evade duty; the demand was thus time-barred. Case-Laws Central Excise Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239517