https://www.taxtmi.com/caselaws?id=51395 Identical goods transferred to sister units were valued by reference to the price of comparable goods sold to independent buyers because the assessee had not properly disclosed the stock transfers or the lower assessable value, and the extended period of limitation was therefore invocable. Duty demand on rejected vacuum interrupter tubes was not sustainable because the goods were broken and sold as scrap before attaining finished-goods status, so remission provisions for finished goods did not apply and the alleged clandestine removal case failed. The valuation of the contactor units required fresh examination because the factual basis for the assessable value had not been adequately considered, and the issue was remanded for reconsideration. en-us Tue, 23 Apr 2002 00:00:00 +0530 Fri, 24 Sep 2010 15:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51395 Identical goods transferred to sister units were valued by reference to the price of comparable goods sold to independent buyers because the assessee had not properly disclosed the stock transfers or the lower assessable value, and the extended period of limitation was therefore invocable. Duty demand on rejected vacuum interrupter tubes was not sustainable because the goods were broken and sold as scrap before attaining finished-goods status, so remission provisions for finished goods did not apply and the alleged clandestine removal case failed. The valuation of the contactor units required fresh examination because the factual basis for the assessable value had not been adequately considered, and the issue was remanded for reconsideration. Case-Laws Central Excise Tue, 23 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51395