https://www.taxtmi.com/caselaws?id=49940 A demand raised about four and a half years after the relevant period was challenged as time-barred despite reliance on the extended limitation proviso under the Central Excise Act. The applicants pointed to filed and approved price lists and RT-12 returns, noting that the department already had the declared values and the reason for the lower price was apparent from the record. On that prima facie basis, the limitation objection was considered strong, and no separate explanation in the price list was treated as necessary for the reduced price. Waiver of pre-deposit was therefore granted and recovery of duty and penalties was stayed. en-us Wed, 12 Apr 2000 00:00:00 +0530 Wed, 18 Aug 2010 16:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49940 A demand raised about four and a half years after the relevant period was challenged as time-barred despite reliance on the extended limitation proviso under the Central Excise Act. The applicants pointed to filed and approved price lists and RT-12 returns, noting that the department already had the declared values and the reason for the lower price was apparent from the record. On that prima facie basis, the limitation objection was considered strong, and no separate explanation in the price list was treated as necessary for the reduced price. Waiver of pre-deposit was therefore granted and recovery of duty and penalties was stayed. Case-Laws Central Excise Wed, 12 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49940