https://www.taxtmi.com/caselaws?id=370859 Where lignite supply price remained subject to final determination by the regulator, the interim adhoc price actually realised was treated as the transaction value for excise valuation, not the higher petitioned price. The document states that transaction value under the excise scheme is the price actually paid or payable, and an unapproved petitioned figure cannot replace the operative interim price. It also notes that, because the assessee disclosed the relevant facts and there was no suppression or intent to evade duty, the extended limitation period and consequential penalty were not justified. en-us Wed, 12 Sep 2018 00:00:00 +0530 Mon, 18 Nov 2019 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370859 Where lignite supply price remained subject to final determination by the regulator, the interim adhoc price actually realised was treated as the transaction value for excise valuation, not the higher petitioned price. The document states that transaction value under the excise scheme is the price actually paid or payable, and an unapproved petitioned figure cannot replace the operative interim price. It also notes that, because the assessee disclosed the relevant facts and there was no suppression or intent to evade duty, the extended limitation period and consequential penalty were not justified. Case-Laws Central Excise Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370859