https://www.taxtmi.com/caselaws?id=86912 Extended limitation for excise duty cannot be invoked merely because exclusive supply to Railways was not declared. Where goods were treated as castings under prevailing tariff practice and the assessee held a bona fide belief regarding classification and continued exemption, non-disclosure did not amount to suppression of material facts with intent to evade duty. Consequently, the demand was time-barred and the penalty was unsustainable; both were set aside. en-us Fri, 25 Jul 1997 00:00:00 +0530 Mon, 29 Aug 2011 13:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86912 Extended limitation for excise duty cannot be invoked merely because exclusive supply to Railways was not declared. Where goods were treated as castings under prevailing tariff practice and the assessee held a bona fide belief regarding classification and continued exemption, non-disclosure did not amount to suppression of material facts with intent to evade duty. Consequently, the demand was time-barred and the penalty was unsustainable; both were set aside. Case-Laws Central Excise Fri, 25 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86912