https://www.taxtmi.com/caselaws?id=353893 Where an assessee filed price declarations on the basis of data supplied by a merchant manufacturer and no material showed suppression, misdeclaration, collusion or mala fide intent, the extended period of limitation could not be invoked and the demand beyond the normal period failed. On the same facts, deemed credit under the notification could not be denied merely because the raw material value was wrongly declared by another party, and penalty also could not be sustained in the absence of deliberate evasion or culpable conduct. The normal-period duty demand remained payable. en-us Fri, 29 Dec 2017 00:00:00 +0530 Tue, 13 Feb 2018 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353893 Where an assessee filed price declarations on the basis of data supplied by a merchant manufacturer and no material showed suppression, misdeclaration, collusion or mala fide intent, the extended period of limitation could not be invoked and the demand beyond the normal period failed. On the same facts, deemed credit under the notification could not be denied merely because the raw material value was wrongly declared by another party, and penalty also could not be sustained in the absence of deliberate evasion or culpable conduct. The normal-period duty demand remained payable. Case-Laws Central Excise Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353893