https://www.taxtmi.com/caselaws?id=99850 Mixed or compounded vegetable extracts were treated as marketable excisable goods because they had a distinct name, character and use, could be stored and traded, and were only intermediate raw materials for Ayurvedic medicaments; they were not medicaments merely because the source herbs had medicinal properties. Non-disclosure of their manufacture and clearances amounted to suppression of facts, so the extended limitation period was applicable and the duty demand was in time. On the same factual basis of suppression, the penalty was upheld as consequential and appropriate. en-us Fri, 29 Sep 2000 00:00:00 +0530 Mon, 30 Jan 2012 13:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99850 Mixed or compounded vegetable extracts were treated as marketable excisable goods because they had a distinct name, character and use, could be stored and traded, and were only intermediate raw materials for Ayurvedic medicaments; they were not medicaments merely because the source herbs had medicinal properties. Non-disclosure of their manufacture and clearances amounted to suppression of facts, so the extended limitation period was applicable and the duty demand was in time. On the same factual basis of suppression, the penalty was upheld as consequential and appropriate. Case-Laws Central Excise Fri, 29 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99850