2007 (8) TMI 212

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ducted as burning loss – Misdeclaration of value of final products to avoid duty & non-filing of required price list – Demand raised cannot be said time-barred
Dr. Chittaranjan Satapathy, Member (T) and Shri D.N. Panda, Member (J) [Order per : Chittaranjan Satapathy, Member (T)]. - Heard both sides. The appellants received iron and steel materials from M/s. TISCO & M/s. SAIL and manufactured .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... same, they have misdeclared the value and suppressed the dutiable value in the invoices apart from not filing the required price list. As such, both the demands have been validly raised on this account for the period 1-4-94 to 30-9-94 and 1-1-95 to 31-12-95. The contention raised by the appellants that the extended period of limitation cannot be applied, has no basis in view of the suppression of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X