https://www.taxtmi.com/caselaws?id=384832 Packaged goods sold through stockists and retail outlets carrying MRP are assessable under Section 4A, because the industrial or institutional consumer exclusion applies only where such commodities are directly purchased from the manufacturer for that use. The limitation objection also fails where the assessee's valuation practice is disclosed in returns, supported by records, and earlier audits raised no objection, since suppression or mala fide cannot be inferred and the extended period under Section 11A is not invocable. The demand was therefore held time-barred. en-us Wed, 21 Aug 2019 00:00:00 +0530 Mon, 26 Aug 2019 06:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384832 Packaged goods sold through stockists and retail outlets carrying MRP are assessable under Section 4A, because the industrial or institutional consumer exclusion applies only where such commodities are directly purchased from the manufacturer for that use. The limitation objection also fails where the assessee's valuation practice is disclosed in returns, supported by records, and earlier audits raised no objection, since suppression or mala fide cannot be inferred and the extended period under Section 11A is not invocable. The demand was therefore held time-barred. Case-Laws Central Excise Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384832