https://www.taxtmi.com/caselaws?id=364844 A valuation dispute over multi-piece confectionery packs under the Central Excise Act remained unsettled for some time because Tribunal views conflicted until the Supreme Court clarified the law. In that setting, the note states that bona fide doubt on the correct valuation method negatived any allegation of suppression with intent to evade duty, so the extended limitation period could not be invoked and the demand for the earlier period was time-barred. It also states that, where valuation turns on such legal uncertainty, penalties are not sustainable and must be set aside. en-us Mon, 30 Jul 2018 00:00:00 +0530 Mon, 06 Aug 2018 08:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364844 A valuation dispute over multi-piece confectionery packs under the Central Excise Act remained unsettled for some time because Tribunal views conflicted until the Supreme Court clarified the law. In that setting, the note states that bona fide doubt on the correct valuation method negatived any allegation of suppression with intent to evade duty, so the extended limitation period could not be invoked and the demand for the earlier period was time-barred. It also states that, where valuation turns on such legal uncertainty, penalties are not sustainable and must be set aside. Case-Laws Central Excise Mon, 30 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364844