https://www.taxtmi.com/caselaws?id=76154 Yarn-dyed fabrics cleared as denim fabrics were treated as dutiable, because the records, invoices, gate passes and statements showed manufacture and sale of denim fabrics on a principal-to-principal basis, and the plea of non-marketability for want of singeing and finishing was rejected. The demand was also held within the extended limitation period, since the monthly returns described the goods as exempt unprocessed cotton fabrics and the true nature of clearances was not disclosed, amounting to suppression of facts. Penalty on the managing director was sustained on evidence of his active involvement and knowledge of the manufacturing activity. en-us Thu, 23 Jul 2009 00:00:00 +0530 Sat, 12 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76154 Yarn-dyed fabrics cleared as denim fabrics were treated as dutiable, because the records, invoices, gate passes and statements showed manufacture and sale of denim fabrics on a principal-to-principal basis, and the plea of non-marketability for want of singeing and finishing was rejected. The demand was also held within the extended limitation period, since the monthly returns described the goods as exempt unprocessed cotton fabrics and the true nature of clearances was not disclosed, amounting to suppression of facts. Penalty on the managing director was sustained on evidence of his active involvement and knowledge of the manufacturing activity. Case-Laws Central Excise Thu, 23 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76154