https://www.taxtmi.com/caselaws?id=440083 The Tribunal upheld the demand for Central Excise duty on Appellant 1 for undervaluation of goods but ruled out the extended period of limitation due to no suppression. Appellant 1 was liable to pay duty with interest. However, the demand on Appellant 2 was found time-barred, allowing consideration of their Registration cancellation. Both appellants' appeals were partially successful, with demands for the normal period upheld and those for the extended period set aside. The judgment clarified issues regarding VAT inclusion in assessable value, the role of legal precedents in determining suppression, and implications of extended limitation periods in tax demands. en-us Mon, 26 Jun 2023 00:00:00 +0530 Sat, 08 Jul 2023 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440083 The Tribunal upheld the demand for Central Excise duty on Appellant 1 for undervaluation of goods but ruled out the extended period of limitation due to no suppression. Appellant 1 was liable to pay duty with interest. However, the demand on Appellant 2 was found time-barred, allowing consideration of their Registration cancellation. Both appellants' appeals were partially successful, with demands for the normal period upheld and those for the extended period set aside. The judgment clarified issues regarding VAT inclusion in assessable value, the role of legal precedents in determining suppression, and implications of extended limitation periods in tax demands. Case-Laws Central Excise Mon, 26 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440083