https://www.taxtmi.com/caselaws?id=86830 Prior departmental knowledge of the manufacture and clearance of latex adhesive defeated the allegation of suppression, so extended limitation could not be invoked and the duty demand was set aside. The demand also failed on merits because the evidence supported manufacture of latex compound/adhesive and did not establish diversion of foam products. Unaccounted excisable goods were nevertheless liable to confiscation under the rule covering goods manufactured but not accounted for, so confiscation was sustained. Because the duty demand failed, the penalty basis was weakened and the penalty was reduced to a token amount. en-us Wed, 11 Jun 1997 00:00:00 +0530 Sat, 27 Aug 2011 16:27:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86830 Prior departmental knowledge of the manufacture and clearance of latex adhesive defeated the allegation of suppression, so extended limitation could not be invoked and the duty demand was set aside. The demand also failed on merits because the evidence supported manufacture of latex compound/adhesive and did not establish diversion of foam products. Unaccounted excisable goods were nevertheless liable to confiscation under the rule covering goods manufactured but not accounted for, so confiscation was sustained. Because the duty demand failed, the penalty basis was weakened and the penalty was reduced to a token amount. Case-Laws Central Excise Wed, 11 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86830