https://www.taxtmi.com/caselaws?id=182447 Filed price lists, disclosed assessable value based on landed raw material cost plus conversion charges, and supported valuation with a cost accountant's certificate defeated any inference of suppression or wilful misstatement. As the department was already aware of the valuation method and had earlier issued notices on the same issue, the extended period of limitation could not be invoked, so the demand and penalties were barred. The assessment dispute also had to be examined on the overall valuation position reflected in the cost audit material, rather than by isolating only selected items with lower declared value. en-us Tue, 11 Jan 2005 00:00:00 +0530 Tue, 10 May 2016 18:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182447 Filed price lists, disclosed assessable value based on landed raw material cost plus conversion charges, and supported valuation with a cost accountant's certificate defeated any inference of suppression or wilful misstatement. As the department was already aware of the valuation method and had earlier issued notices on the same issue, the extended period of limitation could not be invoked, so the demand and penalties were barred. The assessment dispute also had to be examined on the overall valuation position reflected in the cost audit material, rather than by isolating only selected items with lower declared value. Case-Laws Central Excise Tue, 11 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182447