https://www.taxtmi.com/caselaws?id=259372 The extended period of limitation under the proviso to section 11A(1) of the Central Excise Act was held invocable where the assessee excluded other works overhead from assessable value despite it forming part of conversion cost. A claim of bona fide reliance on the principal manufacturer's cost audit report was rejected because the assessee prepared the final costing and its own chartered accountant submitted it to the Department. On the record, the omission was treated as more than inadvertence; the facts showed suppression of relevant particulars with intent to evade duty. The demand and penalty were therefore upheld. en-us Wed, 22 Apr 2015 00:00:00 +0530 Thu, 06 Aug 2015 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259372 The extended period of limitation under the proviso to section 11A(1) of the Central Excise Act was held invocable where the assessee excluded other works overhead from assessable value despite it forming part of conversion cost. A claim of bona fide reliance on the principal manufacturer's cost audit report was rejected because the assessee prepared the final costing and its own chartered accountant submitted it to the Department. On the record, the omission was treated as more than inadvertence; the facts showed suppression of relevant particulars with intent to evade duty. The demand and penalty were therefore upheld. Case-Laws Central Excise Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259372