https://www.taxtmi.com/caselaws?id=339181 A demand involving inclusion of the amortised value of free-supplied packing machinery in assessable value was held time-barred because the underlying valuation issue was debatable during the relevant period. The text notes that a then-prevailing decision supported the assessee and that the point was only later settled by a Larger Bench. On that basis, non-inclusion of the amortised value was not treated as suppression of facts with intent to evade duty, so the extended period of limitation was inapplicable. en-us Thu, 19 Jan 2017 00:00:00 +0530 Sat, 18 Feb 2017 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339181 A demand involving inclusion of the amortised value of free-supplied packing machinery in assessable value was held time-barred because the underlying valuation issue was debatable during the relevant period. The text notes that a then-prevailing decision supported the assessee and that the point was only later settled by a Larger Bench. On that basis, non-inclusion of the amortised value was not treated as suppression of facts with intent to evade duty, so the extended period of limitation was inapplicable. Case-Laws Central Excise Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339181