https://www.taxtmi.com/caselaws?id=51123 Material non-disclosure in the price list and supporting certificate was treated as suppression of facts, justifying invocation of the extended limitation period. The assessable value was also held to include all costs incurred up to the point of sale or delivery, subject only to recognised abatements, so the assessee's attempt to exclude travelling expenses, royalty, machinery lease rent, and finance charges was rejected. The department's valuation method was accepted because the declared cost construction was incomplete, and the demand and penalty were sustained. en-us Fri, 25 Jan 2002 00:00:00 +0530 Wed, 22 Sep 2010 18:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51123 Material non-disclosure in the price list and supporting certificate was treated as suppression of facts, justifying invocation of the extended limitation period. The assessable value was also held to include all costs incurred up to the point of sale or delivery, subject only to recognised abatements, so the assessee's attempt to exclude travelling expenses, royalty, machinery lease rent, and finance charges was rejected. The department's valuation method was accepted because the declared cost construction was incomplete, and the demand and penalty were sustained. Case-Laws Central Excise Fri, 25 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51123