https://www.taxtmi.com/caselaws?id=52904 Extended period of limitation under central excise law was considered unavailable where the assessee had disclosed the valuation basis through price declarations, RT-12 returns and cost accountant certificates accepted by the department. The demand rested on records already before the authorities, and a mere mistake in the costing certificate, without proof of deliberate suppression or intent to evade duty, was insufficient to justify extended limitation. With suppression not established, the related penalties and confiscation also could not stand, and the demand was treated as time-barred. en-us Mon, 15 Mar 2004 00:00:00 +0530 Fri, 21 Jun 2024 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52904 Extended period of limitation under central excise law was considered unavailable where the assessee had disclosed the valuation basis through price declarations, RT-12 returns and cost accountant certificates accepted by the department. The demand rested on records already before the authorities, and a mere mistake in the costing certificate, without proof of deliberate suppression or intent to evade duty, was insufficient to justify extended limitation. With suppression not established, the related penalties and confiscation also could not stand, and the demand was treated as time-barred. Case-Laws Central Excise Mon, 15 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52904