https://www.taxtmi.com/caselaws?id=88749 Components described as sports goods were treated as toy parts because the record showed use in toys such as saucer gun, bulls eye and shoot out gun. On common parlance and true character, toy components could not claim exemption meant for sports goods under Notification No. 73/86-C.E., so the exemption was denied. The duty demand was sustained because the assessee had misdescribed the goods and suppression or wrong availment of exemption was established. Penalties were partly retained, with the manufacturer's penalty reduced, the buyer's and one director's penalties upheld, and the remaining penalties deleted. en-us Wed, 29 Jan 1997 00:00:00 +0530 Wed, 21 Sep 2011 10:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88749 Components described as sports goods were treated as toy parts because the record showed use in toys such as saucer gun, bulls eye and shoot out gun. On common parlance and true character, toy components could not claim exemption meant for sports goods under Notification No. 73/86-C.E., so the exemption was denied. The duty demand was sustained because the assessee had misdescribed the goods and suppression or wrong availment of exemption was established. Penalties were partly retained, with the manufacturer's penalty reduced, the buyer's and one director's penalties upheld, and the remaining penalties deleted. Case-Laws Central Excise Wed, 29 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88749