https://www.taxtmi.com/caselaws?id=361802 Where the relevant valuation facts were disclosed and the dispute concerned a legal question on whether advance licences used for duty-free imports formed additional consideration, the extended period of limitation was unavailable because no suppression, fraud, collusion, or wilful misstatement was shown. The demand could therefore survive only for the normal period. Since the larger part of the demand was time-barred and no mala fide conduct was established, penalty was also unsustainable and was set aside. en-us Mon, 12 Mar 2018 00:00:00 +0530 Fri, 15 Jun 2018 07:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361802 Where the relevant valuation facts were disclosed and the dispute concerned a legal question on whether advance licences used for duty-free imports formed additional consideration, the extended period of limitation was unavailable because no suppression, fraud, collusion, or wilful misstatement was shown. The demand could therefore survive only for the normal period. Since the larger part of the demand was time-barred and no mala fide conduct was established, penalty was also unsustainable and was set aside. Case-Laws Central Excise Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361802