TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court of India Clarifies Valuation of Goods and Limitation Period Under Central Excise Act, 1944.</h1> The Supreme Court of India addressed the valuation of goods for central excise duty and the extension of the limitation period under the Central Excise Act, 1944. The judgment examined whether duty benefits from advance licenses should be included in the transaction value for excise duty. The Court analyzed previous judgments to determine the financial implications for manufacturers. It also scrutinized the extended limitation period under Section 11A, focusing on whether the assessee's actions were deliberate suppression or a legitimate interpretation of the law. The Court clarified the distinction between honest legal errors and intentional evasion, influencing the applicability of the extended limitation period.
TaxTMI 
TaxTMI 