Court Rules Compensation Must Be Included in Transaction Value of Excisable Goods; Extended Limitation Period Upheld.

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....Valuation of excisable goods - consideration received by the appellant from Honda India under the guise of compensation was liable to be included in the transaction value of goods or not - Appellant failed to show that the amount received towards compensation for the cancellation of the agreement to supply the spare parts which were ultimately sold as scrap - The extended period of limitation contemplated was correctly invoked in the facts and circumstances of the case. - AT....