https://www.taxtmi.com/caselaws?id=270473 Where the assessee had filed price lists and declarations disclosing that goods were manufactured on job-work basis and cleared on the declared price, the department was held to have knowledge of the relevant facts from the outset. In the absence of suppression of facts or wilful misstatement, the allegation of undervaluation with intent to evade duty could not sustain invocation of the extended period. The demand for duty, interest and penalty was therefore held time barred and could not be maintained. en-us Mon, 21 Sep 2015 00:00:00 +0530 Sat, 07 May 2016 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270473 Where the assessee had filed price lists and declarations disclosing that goods were manufactured on job-work basis and cleared on the declared price, the department was held to have knowledge of the relevant facts from the outset. In the absence of suppression of facts or wilful misstatement, the allegation of undervaluation with intent to evade duty could not sustain invocation of the extended period. The demand for duty, interest and penalty was therefore held time barred and could not be maintained. Case-Laws Central Excise Mon, 21 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270473