https://www.taxtmi.com/caselaws?id=378623 Amounts of sales tax collected from buyers and retained without remittance to the State exchequer are includible in the assessable value for central excise duty under the transaction value principle. However, where the valuation issue was legally unclear and there was no deliberate suppression by the assessee, the extended period of limitation could not be invoked. The demand could survive only within the normal limitation period, and liability beyond that period was not sustainable. The ratio confirms both the inclusion of retained sales tax in excise valuation and the restriction on extended limitation absent culpable conduct. en-us Tue, 08 Jan 2019 00:00:00 +0530 Fri, 19 Apr 2019 06:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378623 Amounts of sales tax collected from buyers and retained without remittance to the State exchequer are includible in the assessable value for central excise duty under the transaction value principle. However, where the valuation issue was legally unclear and there was no deliberate suppression by the assessee, the extended period of limitation could not be invoked. The demand could survive only within the normal limitation period, and liability beyond that period was not sustainable. The ratio confirms both the inclusion of retained sales tax in excise valuation and the restriction on extended limitation absent culpable conduct. Case-Laws Central Excise Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378623