https://www.taxtmi.com/caselaws?id=340489 The Tribunal upheld the demand for the appellant to pay the duty on fabric shrinkage during processing, citing relevant case law. It also affirmed that manufacturing expenses and profits should be included in the assessable value of processed fabrics. The Tribunal agreed with the extended period of limitation for demand due to the appellant's wilful suppression of material facts. Regarding interest liability, it determined that interest under Section 11AB could only be demanded from a specific date. The Tribunal remanded the matter for the determination of the exact amount of duty and penalty, ultimately allowing the appeal in favor of the appellant. en-us Tue, 28 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340489 The Tribunal upheld the demand for the appellant to pay the duty on fabric shrinkage during processing, citing relevant case law. It also affirmed that manufacturing expenses and profits should be included in the assessable value of processed fabrics. The Tribunal agreed with the extended period of limitation for demand due to the appellant's wilful suppression of material facts. Regarding interest liability, it determined that interest under Section 11AB could only be demanded from a specific date. The Tribunal remanded the matter for the determination of the exact amount of duty and penalty, ultimately allowing the appeal in favor of the appellant. Case-Laws Central Excise Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340489