https://www.taxtmi.com/caselaws?id=91539 A defective exemption declaration that omits manufacture and clearances of A.C.S.R. cables, where a full and correct disclosure was required, can amount to wilful mis-statement and justify invocation of the extended limitation period when no independent departmental knowledge is proved. On that basis, the duty demand was treated as within time and sustained. The penalty issue was then considered separately: although the demand survived, the penalty was found excessive on the facts and was reduced, reflecting partial relief despite confirmation of the liability. en-us Tue, 18 Feb 1997 00:00:00 +0530 Wed, 19 Oct 2011 10:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91539 A defective exemption declaration that omits manufacture and clearances of A.C.S.R. cables, where a full and correct disclosure was required, can amount to wilful mis-statement and justify invocation of the extended limitation period when no independent departmental knowledge is proved. On that basis, the duty demand was treated as within time and sustained. The penalty issue was then considered separately: although the demand survived, the penalty was found excessive on the facts and was reduced, reflecting partial relief despite confirmation of the liability. Case-Laws Central Excise Tue, 18 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91539