https://www.taxtmi.com/caselaws?id=89103 Chemically modified phenol formaldehyde resin is treated for tariff purposes with the unmodified polymer, but where no more specific sub-heading covers the modified product and a residuary entry exists, classification falls in the residuary sub-heading. On that basis, the exemption linked to ordinary phenol formaldehyde resin is not available to the modified variety. The text also states that where the manufacturer knows the true nature of the goods and does not disclose it, the conduct amounts to deliberate concealment, supporting invocation of the extended limitation period and imposition of penalty. en-us Fri, 03 Jul 1998 00:00:00 +0530 Fri, 23 Sep 2011 14:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89103 Chemically modified phenol formaldehyde resin is treated for tariff purposes with the unmodified polymer, but where no more specific sub-heading covers the modified product and a residuary entry exists, classification falls in the residuary sub-heading. On that basis, the exemption linked to ordinary phenol formaldehyde resin is not available to the modified variety. The text also states that where the manufacturer knows the true nature of the goods and does not disclose it, the conduct amounts to deliberate concealment, supporting invocation of the extended limitation period and imposition of penalty. Case-Laws Central Excise Fri, 03 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89103