https://www.taxtmi.com/caselaws?id=788487 Clearances made under invoices, with payments received through account payee cheques and sales to a Government undertaking, did not support any allegation of suppression or clandestine removal; the extended period of limitation could not be invoked and the demand failed on that basis. Contractual and record-based deductions for pro rata recovery, cash discount, trading turnover, freight and sales tax were supported by contemporaneous evidence, so assessable value had to be determined on the actual transaction value after permissible deductions. The confirmation of duty, interest and penalty was therefore unsustainable and was set aside. en-us Fri, 05 Dec 2025 00:00:00 +0530 Mon, 23 Mar 2026 11:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788487 Clearances made under invoices, with payments received through account payee cheques and sales to a Government undertaking, did not support any allegation of suppression or clandestine removal; the extended period of limitation could not be invoked and the demand failed on that basis. Contractual and record-based deductions for pro rata recovery, cash discount, trading turnover, freight and sales tax were supported by contemporaneous evidence, so assessable value had to be determined on the actual transaction value after permissible deductions. The confirmation of duty, interest and penalty was therefore unsustainable and was set aside. Case-Laws Central Excise Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788487