https://www.taxtmi.com/caselaws?id=170407 Excise duty valuation based on transaction value must be determined on the actual value of each removal where evidence suggests undervaluation and receipt of additional consideration. Loose slips, price lists, dealer and employee statements, and bank records may support a demand, but a blanket percentage mark-up across all clearances is legally impermissible when transaction-wise evidence is required. The extended limitation period under Section 11A may still apply where the record indicates suppression and evasion, even if departmental knowledge arose from search or investigation. The matter requires de novo determination of duty and penalties on a transaction-value basis, consistent with natural justice. en-us Wed, 08 Dec 2010 00:00:00 +0530 Wed, 27 May 2015 11:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170407 Excise duty valuation based on transaction value must be determined on the actual value of each removal where evidence suggests undervaluation and receipt of additional consideration. Loose slips, price lists, dealer and employee statements, and bank records may support a demand, but a blanket percentage mark-up across all clearances is legally impermissible when transaction-wise evidence is required. The extended limitation period under Section 11A may still apply where the record indicates suppression and evasion, even if departmental knowledge arose from search or investigation. The matter requires de novo determination of duty and penalties on a transaction-value basis, consistent with natural justice. Case-Laws Central Excise Wed, 08 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170407