https://www.taxtmi.com/caselaws?id=377877 The appeal was dismissed, confirming the demand of duty, interest, and penalty as per the majority view of Member (Technical) Sanjiv Srivastava and Third Member (Judicial) Dr. D.M. Misra. The extended period of limitation was deemed applicable as the appellant was found to have suppressed the correct aggregate value of clearances by not including the value of free issue material and chassis. The imposition of penalty and recovery of interest were upheld, rejecting the appellant's claim of a bona fide belief and emphasizing the correct application of legal principles regarding assessable value. en-us Mon, 18 Mar 2019 00:00:00 +0530 Mon, 02 Mar 2020 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377877 The appeal was dismissed, confirming the demand of duty, interest, and penalty as per the majority view of Member (Technical) Sanjiv Srivastava and Third Member (Judicial) Dr. D.M. Misra. The extended period of limitation was deemed applicable as the appellant was found to have suppressed the correct aggregate value of clearances by not including the value of free issue material and chassis. The imposition of penalty and recovery of interest were upheld, rejecting the appellant's claim of a bona fide belief and emphasizing the correct application of legal principles regarding assessable value. Case-Laws Central Excise Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377877