https://www.taxtmi.com/caselaws?id=98204 Waste and scrap purchased from the open market was treated as bazaar scrap, and there was no evidence that the inputs were bars, rods, angles, billets or other rerollable shapes covered by Notification No. 208/83-C.E.; the exemption was therefore unavailable. Non-disclosure in the classification list that the final products were manufactured from waste and scrap under Chapter Heading 72.03 amounted to suppression of a material fact relevant to duty liability, so the extended period of limitation could be invoked. On that basis, the duty demand was sustained and penalty imposed in favour of the Revenue. en-us Fri, 28 Apr 2000 00:00:00 +0530 Thu, 19 Jan 2012 16:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98204 Waste and scrap purchased from the open market was treated as bazaar scrap, and there was no evidence that the inputs were bars, rods, angles, billets or other rerollable shapes covered by Notification No. 208/83-C.E.; the exemption was therefore unavailable. Non-disclosure in the classification list that the final products were manufactured from waste and scrap under Chapter Heading 72.03 amounted to suppression of a material fact relevant to duty liability, so the extended period of limitation could be invoked. On that basis, the duty demand was sustained and penalty imposed in favour of the Revenue. Case-Laws Central Excise Fri, 28 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98204