https://www.taxtmi.com/caselaws?id=790752 Goods cleared to an assessee's own depots and sold onward at a higher price were not valued on the basis of factory-gate duty alone, because no provisional assessment was sought under Rule 7 of the Central Excise Valuation Rules, 2000; the valuation objection therefore failed on merits. The demand was nevertheless set aside as time-barred, since the Department relied on balance sheet figures and ER-1 returns already available on record, the relevant balance sheet had been furnished on 10.05.2006, and the show cause notice was issued only on 29.04.2008 without justification for invoking the extended period. The appeal succeeded on limitation despite the adverse finding on valuation. en-us Mon, 23 Mar 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790752 Goods cleared to an assessee's own depots and sold onward at a higher price were not valued on the basis of factory-gate duty alone, because no provisional assessment was sought under Rule 7 of the Central Excise Valuation Rules, 2000; the valuation objection therefore failed on merits. The demand was nevertheless set aside as time-barred, since the Department relied on balance sheet figures and ER-1 returns already available on record, the relevant balance sheet had been furnished on 10.05.2006, and the show cause notice was issued only on 29.04.2008 without justification for invoking the extended period. The appeal succeeded on limitation despite the adverse finding on valuation. Case-Laws Central Excise Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790752