https://www.taxtmi.com/caselaws?id=393689 Free-supplied tools used in manufacturing were held includible in the assessable value of the parts as additional consideration; arguments based on depreciation or reduced book value were rejected as irrelevant to excise valuation. Non-disclosure of receipt of such free supplies was treated as suppression of facts, so invocation of the extended period of limitation was justified. The demand was therefore sustained on both valuation and limitation. en-us Tue, 04 Feb 2020 00:00:00 +0530 Sat, 21 Mar 2020 10:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393689 Free-supplied tools used in manufacturing were held includible in the assessable value of the parts as additional consideration; arguments based on depreciation or reduced book value were rejected as irrelevant to excise valuation. Non-disclosure of receipt of such free supplies was treated as suppression of facts, so invocation of the extended period of limitation was justified. The demand was therefore sustained on both valuation and limitation. Case-Laws Central Excise Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393689