https://www.taxtmi.com/caselaws?id=447555 CESTAT Kolkata held that sales tax concession retained by assessee must be included in assessable value for Central Excise duty levy, following SC precedent in Super Synotex case. However, extended period of limitation was not invocable as adjudicating authority failed to establish suppression, with VAT details disclosed in audited financial statements. Penalty under Section 11AC was set aside due to lack of proper findings. Matter remanded for duty calculation for normal limitation period with consequential relief. en-us Wed, 06 Dec 2023 00:00:00 +0530 Sat, 30 Dec 2023 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447555 CESTAT Kolkata held that sales tax concession retained by assessee must be included in assessable value for Central Excise duty levy, following SC precedent in Super Synotex case. However, extended period of limitation was not invocable as adjudicating authority failed to establish suppression, with VAT details disclosed in audited financial statements. Penalty under Section 11AC was set aside due to lack of proper findings. Matter remanded for duty calculation for normal limitation period with consequential relief. Case-Laws Central Excise Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447555