https://www.taxtmi.com/caselaws?id=339188 Notional cost arising from free return truck journeys and unreconciled excess freight recovery were treated as part of the assessable value where they formed real or deemed consideration and the assessee could not prove matching expenditure. By contrast, declared contract prices for bulk purchasers were accepted where price differences were commercially explained by volume of offtake and separate packing requirements, and there was no contrary evidence justifying substitution. The limitation plea also failed because the valuation practice was not fully reflected in the regular records, so suppression could not be negated by reference to approved price lists. The matter was therefore disposed of by sustaining the valuation additions while accepting the contract price basis. en-us Tue, 17 Jan 2017 00:00:00 +0530 Wed, 03 Jan 2018 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339188 Notional cost arising from free return truck journeys and unreconciled excess freight recovery were treated as part of the assessable value where they formed real or deemed consideration and the assessee could not prove matching expenditure. By contrast, declared contract prices for bulk purchasers were accepted where price differences were commercially explained by volume of offtake and separate packing requirements, and there was no contrary evidence justifying substitution. The limitation plea also failed because the valuation practice was not fully reflected in the regular records, so suppression could not be negated by reference to approved price lists. The matter was therefore disposed of by sustaining the valuation additions while accepting the contract price basis. Case-Laws Central Excise Tue, 17 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339188