https://www.taxtmi.com/caselaws?id=263847 Extended limitation under the Central Excise Act cannot be invoked without positive evidence of wilful suppression or intent to evade duty; a bona fide belief, especially one supported by then-existing contrary decisions, negatives the larger period and the related penalty cannot stand once the demand is time-barred. On valuation, the assessable value need not include clearances made by an independent sub-contractor where the lower authority has excluded that value, no separate demand has been raised against the sub-contractor, and the record supports the exclusion. The impugned order was therefore sustained on limitation and valuation grounds in favour of the assessee. en-us Fri, 04 Sep 2015 00:00:00 +0530 Thu, 25 Feb 2016 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263847 Extended limitation under the Central Excise Act cannot be invoked without positive evidence of wilful suppression or intent to evade duty; a bona fide belief, especially one supported by then-existing contrary decisions, negatives the larger period and the related penalty cannot stand once the demand is time-barred. On valuation, the assessable value need not include clearances made by an independent sub-contractor where the lower authority has excluded that value, no separate demand has been raised against the sub-contractor, and the record supports the exclusion. The impugned order was therefore sustained on limitation and valuation grounds in favour of the assessee. Case-Laws Central Excise Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263847