https://www.taxtmi.com/caselaws?id=797045 Excise valuation of body-built vehicles includes the 10% addition embedded in the chassis value determined under Rule 8, because that amount forms part of the intermediate chassis cost used in the completed vehicle. The exclusion for anticipated post-manufacture sale profit and post-clearance expenses does not permit exclusion of this embedded addition. Extended limitation for duty recovery requires fraud, collusion, wilful misstatement, wilful suppression, or contravention with intent to evade duty. Where the Department already knows the material valuation facts, an assessee's omission does not constitute wilful suppression; recovery beyond the normal limitation period is therefore barred. en-us Thu, 13 Aug 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797045 Excise valuation of body-built vehicles includes the 10% addition embedded in the chassis value determined under Rule 8, because that amount forms part of the intermediate chassis cost used in the completed vehicle. The exclusion for anticipated post-manufacture sale profit and post-clearance expenses does not permit exclusion of this embedded addition. Extended limitation for duty recovery requires fraud, collusion, wilful misstatement, wilful suppression, or contravention with intent to evade duty. Where the Department already knows the material valuation facts, an assessee's omission does not constitute wilful suppression; recovery beyond the normal limitation period is therefore barred. Case-Laws Central Excise Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797045