https://www.taxtmi.com/caselaws?id=443887 Job-worker clearances to a principal manufacturer were held assessable under section 4 of the Central Excise Act and the valuation rules, so transport and other costs borne by the principal as additional consideration had to be included in assessable value. The demand was also held within the extended limitation period because the record showed wilful suppression and false declaration of prices, and filing RT-12 returns did not establish departmental knowledge of undervaluation. Penalties on the corporate appellants under section 11AC and rule 209A were sustained, but the personal penalties on individual employees were set aside because mere involvement in price-setting, without proof of independent culpable benefit, was insufficient. en-us Thu, 28 Sep 2023 00:00:00 +0530 Thu, 05 Oct 2023 08:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443887 Job-worker clearances to a principal manufacturer were held assessable under section 4 of the Central Excise Act and the valuation rules, so transport and other costs borne by the principal as additional consideration had to be included in assessable value. The demand was also held within the extended limitation period because the record showed wilful suppression and false declaration of prices, and filing RT-12 returns did not establish departmental knowledge of undervaluation. Penalties on the corporate appellants under section 11AC and rule 209A were sustained, but the personal penalties on individual employees were set aside because mere involvement in price-setting, without proof of independent culpable benefit, was insufficient. Case-Laws Central Excise Thu, 28 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443887