https://www.taxtmi.com/caselaws?id=184511 Extended period of limitation could not be invoked for the central excise demand because the under-valuation was attributable to merchant manufacturers and there was no evidence that the processor knew of, or participated in, the suppression. The price declarations were filed on the basis of grey bills supplied by the merchant manufacturers, and the processor had no reason to doubt their correctness. As there was no material showing fraud, collusion, wilful misstatement, or suppression of facts by the processor, the conditions for the extended limitation period were not satisfied. The demand was therefore barred by limitation and the assessee succeeded. en-us Mon, 15 May 2006 00:00:00 +0530 Mon, 11 Jul 2016 17:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184511 Extended period of limitation could not be invoked for the central excise demand because the under-valuation was attributable to merchant manufacturers and there was no evidence that the processor knew of, or participated in, the suppression. The price declarations were filed on the basis of grey bills supplied by the merchant manufacturers, and the processor had no reason to doubt their correctness. As there was no material showing fraud, collusion, wilful misstatement, or suppression of facts by the processor, the conditions for the extended limitation period were not satisfied. The demand was therefore barred by limitation and the assessee succeeded. Case-Laws Central Excise Mon, 15 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184511