https://www.taxtmi.com/caselaws?id=250751 Non-inclusion of the amortised cost of dies and moulds in the assessable value of motor vehicle parts, without disclosure to the department, was treated as suppression of material facts. The limitation period under Section 11A(3)(ii) of the Central Excise Act, 1944 was held to run from the relevant date, and the statute was applied as not requiring departmental knowledge to negate invocation of the extended period. Departmental audit of records did not cure the omission. On that basis, the extended period of limitation was held rightly invocable and the demand could not be treated as time-barred. en-us Thu, 27 Mar 2014 00:00:00 +0530 Thu, 21 Aug 2014 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250751 Non-inclusion of the amortised cost of dies and moulds in the assessable value of motor vehicle parts, without disclosure to the department, was treated as suppression of material facts. The limitation period under Section 11A(3)(ii) of the Central Excise Act, 1944 was held to run from the relevant date, and the statute was applied as not requiring departmental knowledge to negate invocation of the extended period. Departmental audit of records did not cure the omission. On that basis, the extended period of limitation was held rightly invocable and the demand could not be treated as time-barred. Case-Laws Central Excise Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250751