https://www.taxtmi.com/caselaws?id=265171 An assessee cannot be fastened with differential duty or extended limitation for undervaluation of grey fabric where merchant manufacturers disclosed the lower value and the assessee had no knowledge of the true value. The demand was based on alleged undervaluation by third-party suppliers, but the record showed that the lesser value was disclosed by those suppliers themselves. On those facts, the Tribunal correctly absolved the assessee of liability, and the SC affirmed that view. en-us Wed, 09 Sep 2015 00:00:00 +0530 Fri, 01 Jan 2016 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265171 An assessee cannot be fastened with differential duty or extended limitation for undervaluation of grey fabric where merchant manufacturers disclosed the lower value and the assessee had no knowledge of the true value. The demand was based on alleged undervaluation by third-party suppliers, but the record showed that the lesser value was disclosed by those suppliers themselves. On those facts, the Tribunal correctly absolved the assessee of liability, and the SC affirmed that view. Case-Laws Central Excise Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265171