https://www.taxtmi.com/caselaws?id=389447 In an excise valuation dispute, the extended period of limitation was held unsustainable where the assessee filed classification and price declarations on the basis of information supplied by the principal manufacturer and there was no evidence of collusion or deliberate misdeclaration. The Tribunal treated the declarations as made in bona fide belief, and found no material showing that the declared price was knowingly false. As a result, the demand could not be enforced on limitation, and the consequential interest and penalty were also set aside. en-us Mon, 13 May 2019 00:00:00 +0530 Mon, 09 Dec 2019 12:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389447 In an excise valuation dispute, the extended period of limitation was held unsustainable where the assessee filed classification and price declarations on the basis of information supplied by the principal manufacturer and there was no evidence of collusion or deliberate misdeclaration. The Tribunal treated the declarations as made in bona fide belief, and found no material showing that the declared price was knowingly false. As a result, the demand could not be enforced on limitation, and the consequential interest and penalty were also set aside. Case-Laws Central Excise Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389447