https://www.taxtmi.com/caselaws?id=74368 Electrical laminations used to form the magnetic circuit of a dynamo were treated as classifiable as laminations under Tariff Item 28A, since their functional identity and tariff description supported that view, and captively consumed goods were not for that reason non-marketable. Exemption under Notification No. 71/78-C.E. could not be finally rejected on the record because the value basis used below was linked to a later notification, so the exemption question was left for re-verification. Suppression of facts, lack of excise formalities, and awareness of excisable character justified invocation of the extended limitation period. Penalty was upheld, but reduced in view of the open exemption issue and the need to rework duty. en-us Mon, 23 Feb 1987 00:00:00 +0530 Wed, 08 Jun 2011 14:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74368 Electrical laminations used to form the magnetic circuit of a dynamo were treated as classifiable as laminations under Tariff Item 28A, since their functional identity and tariff description supported that view, and captively consumed goods were not for that reason non-marketable. Exemption under Notification No. 71/78-C.E. could not be finally rejected on the record because the value basis used below was linked to a later notification, so the exemption question was left for re-verification. Suppression of facts, lack of excise formalities, and awareness of excisable character justified invocation of the extended limitation period. Penalty was upheld, but reduced in view of the open exemption issue and the need to rework duty. Case-Laws Central Excise Mon, 23 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74368