https://www.taxtmi.com/caselaws?id=372701 Non-cenvatable automobile cess paid on raw material was held includible in the assessable value of the finished product because duties forming part of the actual input cost must be reflected in valuation. The extended period of limitation was upheld since the assessee had not disclosed the relevant facts and the omission was treated as suppression with intent to evade duty, supporting the consequential levy of interest. The assessee was nevertheless granted the benefit of the reduced penalty proviso at the appellate stage, as appeal was treated as a continuation of the original adjudication, resulting in partial relief. en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 28 Dec 2018 10:18:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372701 Non-cenvatable automobile cess paid on raw material was held includible in the assessable value of the finished product because duties forming part of the actual input cost must be reflected in valuation. The extended period of limitation was upheld since the assessee had not disclosed the relevant facts and the omission was treated as suppression with intent to evade duty, supporting the consequential levy of interest. The assessee was nevertheless granted the benefit of the reduced penalty proviso at the appellate stage, as appeal was treated as a continuation of the original adjudication, resulting in partial relief. Case-Laws Central Excise Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372701