https://www.taxtmi.com/caselaws?id=258279 Recovery of carrying cost for extra raw-material inventory was held includible in assessable value because it formed part of the price-related consideration for the goods and was not a deductible item. Non-disclosure of that debit-note recovery in ER-1 returns was treated as suppression of material facts under self-assessment, so the longer limitation period and penalty were sustained for intent to evade duty. The document states that the appeal failed on both valuation and limitation, and the duty demand with penalty was upheld. en-us Thu, 01 Jan 2015 00:00:00 +0530 Sat, 01 Aug 2015 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258279 Recovery of carrying cost for extra raw-material inventory was held includible in assessable value because it formed part of the price-related consideration for the goods and was not a deductible item. Non-disclosure of that debit-note recovery in ER-1 returns was treated as suppression of material facts under self-assessment, so the longer limitation period and penalty were sustained for intent to evade duty. The document states that the appeal failed on both valuation and limitation, and the duty demand with penalty was upheld. Case-Laws Central Excise Thu, 01 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258279