https://www.taxtmi.com/caselaws?id=32246 Software supplied for OCB Exchanges retained a separate tariff identity and was shown as separately supplied under the purchase orders and tender documents, so its value could not be added to the assessable value of the hardware merely because the software was necessary for the exchange to function. Separate disclosure of the software in declarations also negated suppression of facts, so the extended period of limitation was not available and penalty under Section 11AC could not stand. The demand and penalty were accordingly set aside, with consequential relief to the assessee. en-us Tue, 14 Oct 2008 00:00:00 +0530 Fri, 30 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32246 Software supplied for OCB Exchanges retained a separate tariff identity and was shown as separately supplied under the purchase orders and tender documents, so its value could not be added to the assessable value of the hardware merely because the software was necessary for the exchange to function. Separate disclosure of the software in declarations also negated suppression of facts, so the extended period of limitation was not available and penalty under Section 11AC could not stand. The demand and penalty were accordingly set aside, with consequential relief to the assessee. Case-Laws Central Excise Tue, 14 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32246