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M/s. Greaves Ltd. Versus Commnr. of Central Excise & Customs, Aurangabad

2015 (8) TMI 585 - SUPREME COURT

Invocation of extended period of limitation - Valuation - Held that:- issue as to what factors should be taken into consideration for arriving at the cost of production was clarified by the Department in its Circular dated 30.10.1996 and on that basi .....

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nce of the said clarificatory circular. - Applying the principle extended period of limitation up to September, 1996 cannot be invoked. - Decided in favour of assessee. - CIVIL APPEAL NO. 1168 OF 2006 - Dated:- 6-8-2015 - A.K. Sikri and Rohinton Fali .....

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ja Sharma,Adv., Mr. B. Krishna Prasad,Adv. ORDER The period covered in this judgment for which show cause notice was issued is 1993-1994 to 27.09.1997. Show cause notice was issued on 03.02.1998. At the relevant time, as per the provision of Section .....

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ant case. It is argued by the learned counsel for the appellant that there was no mis-declaration or mis-statement and therefore the extended period of limitation could not have been invoked. It is not necessary to go into the facts of the present ca .....

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Central Excise, Ahmedabad vs. Asarwa Mills [2015 (319) E.L.T. 216 (S.C.)], this Court took the view that the assessees could not be faulted with for taking into consideration some of those paras prior to the issuance of the said clarificatory circul .....

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the first time, only in October, 1996, it was clarified that the cost of material, labour cost and overheads including administrative cost, advertising expenses, depreciation, interest, etc., would be included in the cost of production. The period wi .....

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