https://www.taxtmi.com/caselaws?id=755325 Pool lifting charges collected from dealers in connection with additional vehicle allocations were treated as additional consideration flowing back to the assessee and were includible in the assessable value as transaction value under section 4 of the Central Excise Act, 1944. The extended period of limitation was not invocable because the relevant business arrangement had been disclosed, the department had access to the material through regular filings and audits, and suppression with intent to evade duty was not established. For the same reasons, the penalty could not be sustained. The demand survived only for the normal period with interest, while the penalty was deleted. en-us Tue, 09 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755325 Pool lifting charges collected from dealers in connection with additional vehicle allocations were treated as additional consideration flowing back to the assessee and were includible in the assessable value as transaction value under section 4 of the Central Excise Act, 1944. The extended period of limitation was not invocable because the relevant business arrangement had been disclosed, the department had access to the material through regular filings and audits, and suppression with intent to evade duty was not established. For the same reasons, the penalty could not be sustained. The demand survived only for the normal period with interest, while the penalty was deleted. Case-Laws Central Excise Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755325