https://www.taxtmi.com/caselaws?id=54383 Extended limitation under excise valuation law is not sustainable without proof of suppression, fraud, collusion, or wilful misstatement, and departmental awareness of the price lists and lower sale prices defeated invocation of the extended period. Related person status under section 4 requires mutuality of interest in each other's business; family links with company directors, without more, did not establish that test. The sales were bulk factory-gate wholesale sales, and a lower price alone did not prove undervaluation. On those findings, the declared factory-gate price remained the normal price and the duty demand and penalties were set aside. en-us Fri, 17 Jun 2005 00:00:00 +0530 Tue, 19 Oct 2010 17:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54383 Extended limitation under excise valuation law is not sustainable without proof of suppression, fraud, collusion, or wilful misstatement, and departmental awareness of the price lists and lower sale prices defeated invocation of the extended period. Related person status under section 4 requires mutuality of interest in each other's business; family links with company directors, without more, did not establish that test. The sales were bulk factory-gate wholesale sales, and a lower price alone did not prove undervaluation. On those findings, the declared factory-gate price remained the normal price and the duty demand and penalties were set aside. Case-Laws Central Excise Fri, 17 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54383