https://www.taxtmi.com/caselaws?id=87312 The Tribunal allowed the appeal, overturning the Collector's orders and granting relief to the appellants. The decision centered on the alleged misdeclaration and incorrect price declaration, focusing on the interpretation of the questionnaire response regarding shareholding. The Tribunal concluded that the appellants' response was accurate, leading to the rejection of the extended period for duty recovery and penalty imposition. Emphasizing the significance of precise responses to official inquiries, the judgment highlighted the repercussions of misinterpretation in such circumstances. en-us Tue, 07 Oct 1997 00:00:00 +0530 Mon, 05 Sep 2011 11:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87312 The Tribunal allowed the appeal, overturning the Collector's orders and granting relief to the appellants. The decision centered on the alleged misdeclaration and incorrect price declaration, focusing on the interpretation of the questionnaire response regarding shareholding. The Tribunal concluded that the appellants' response was accurate, leading to the rejection of the extended period for duty recovery and penalty imposition. Emphasizing the significance of precise responses to official inquiries, the judgment highlighted the repercussions of misinterpretation in such circumstances. Case-Laws Central Excise Tue, 07 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87312