https://www.taxtmi.com/caselaws?id=167113 For exemption under Notification No. 176/77-CE, clearance value had to be computed on the basis of actual clearances, including the value of brass circles processed on job-work, while captive consumption clearances were excluded under Notification No. 246/1977-CE; the assessee's claim that only job charges could be counted was rejected, and the clearance limit was held exceeded. The demand was also held within the extended limitation period because the classification disclosures did not reveal the manufacture of utensils and relevant facts were suppressed. Penalty was upheld in principle, but reduced substantially as excessive on the facts. en-us Tue, 21 Aug 1984 00:00:00 +0530 Sat, 06 Dec 2014 12:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167113 For exemption under Notification No. 176/77-CE, clearance value had to be computed on the basis of actual clearances, including the value of brass circles processed on job-work, while captive consumption clearances were excluded under Notification No. 246/1977-CE; the assessee's claim that only job charges could be counted was rejected, and the clearance limit was held exceeded. The demand was also held within the extended limitation period because the classification disclosures did not reveal the manufacture of utensils and relevant facts were suppressed. Penalty was upheld in principle, but reduced substantially as excessive on the facts. Case-Laws Central Excise Tue, 21 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167113