https://www.taxtmi.com/caselaws?id=87904 Exemption under Notification No. 122/86 was unavailable on merits because the products contained metronidazole with another ingredient, and the notification did not permit the unspecified ingredient relied on by the assessee. However, the demand was not barred by limitation: the classification list, labels, and RT-12 returns disclosed the full composition, so mere incorrect reliance on exemption did not amount to suppression or misstatement with intent to evade duty. The normal limitation period therefore applied, and the extended period could not be invoked. en-us Wed, 17 Dec 1997 00:00:00 +0530 Tue, 13 Sep 2011 16:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87904 Exemption under Notification No. 122/86 was unavailable on merits because the products contained metronidazole with another ingredient, and the notification did not permit the unspecified ingredient relied on by the assessee. However, the demand was not barred by limitation: the classification list, labels, and RT-12 returns disclosed the full composition, so mere incorrect reliance on exemption did not amount to suppression or misstatement with intent to evade duty. The normal limitation period therefore applied, and the extended period could not be invoked. Case-Laws Central Excise Wed, 17 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87904