https://www.taxtmi.com/caselaws?id=51036 Where molasses were sold in a market governed by a statutory ceiling price, the maximum price fixed by the State Government was the normal value for central excise assessment, even if actual sales were at a lower price, so the valuation issue was decided for the Revenue. However, the show cause notice did not allege suppression, misstatement, or similar conduct, so the extended limitation period could not be invoked; recovery was confined to the normal six-month period, and the time-bar issue was decided for the assessee. en-us Mon, 08 Oct 2001 00:00:00 +0530 Mon, 16 Jul 2012 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51036 Where molasses were sold in a market governed by a statutory ceiling price, the maximum price fixed by the State Government was the normal value for central excise assessment, even if actual sales were at a lower price, so the valuation issue was decided for the Revenue. However, the show cause notice did not allege suppression, misstatement, or similar conduct, so the extended limitation period could not be invoked; recovery was confined to the normal six-month period, and the time-bar issue was decided for the assessee. Case-Laws Central Excise Mon, 08 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51036