Excise duty valuation: inclusion of customer duty benefits affects assessable value; intent determines extended limitation applicability.
Excise duty valuation focuses on whether benefits from transferred advance licences are includable in the transaction value for assessable value, assessed against statutory value principles and precedent. The extended limitation regime requires proof of deliberate evasion-fraud, collusion, willful misstatement, or suppression-and the Court distinguishes honest legal interpretation from intentional suppression, emphasising mens rea and conduct when applying the extended period to valuation disputes.