https://www.taxtmi.com/caselaws?id=258935 Extended limitation under Section 11A could not be invoked for differential duty on captively consumed yarn because the omission of administrative overheads, bonus, gratuity, interest and related charges was made against an unsettled valuation position. The prescribed declaration form and the separate Cost Accounting Records rules created ambiguity on whether those items belonged in cost of production or only in cost of sales, and the later Board clarification in October 1996 confirmed that the legal position had not been clear during the relevant period. On that basis, the Court held that bona fide valuation treatment did not amount to suppression or wilful misstatement to evade duty, and the demand was not sustainable. en-us Fri, 10 Apr 2015 00:00:00 +0530 Wed, 05 Aug 2015 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258935 Extended limitation under Section 11A could not be invoked for differential duty on captively consumed yarn because the omission of administrative overheads, bonus, gratuity, interest and related charges was made against an unsettled valuation position. The prescribed declaration form and the separate Cost Accounting Records rules created ambiguity on whether those items belonged in cost of production or only in cost of sales, and the later Board clarification in October 1996 confirmed that the legal position had not been clear during the relevant period. On that basis, the Court held that bona fide valuation treatment did not amount to suppression or wilful misstatement to evade duty, and the demand was not sustainable. Case-Laws Central Excise Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258935