https://www.taxtmi.com/caselaws?id=331685 The Tribunal held that the Revenue could not invoke the extended period of limitation solely based on the contract value for the valuation of MS pipes for excise duty. The Tribunal found that since the contract was examined during an audit with no objection raised at that time, the Revenue's reliance on the contract value alone was insufficient to justify invoking the extended period. Consequently, the appeal was allowed on the grounds of limitation without addressing the substantive valuation dispute. en-us Tue, 16 Aug 2016 00:00:00 +0530 Tue, 30 Aug 2016 20:53:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331685 The Tribunal held that the Revenue could not invoke the extended period of limitation solely based on the contract value for the valuation of MS pipes for excise duty. The Tribunal found that since the contract was examined during an audit with no objection raised at that time, the Revenue's reliance on the contract value alone was insufficient to justify invoking the extended period. Consequently, the appeal was allowed on the grounds of limitation without addressing the substantive valuation dispute. Case-Laws Central Excise Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331685