https://www.taxtmi.com/caselaws?id=113639 Goods consistently described in the assessee's records, invoices, challans and seizure documents as M.S. flats of 5 mm thickness were classified as flats rather than bars, because contemporaneous evidence and trade parlance supported the factual identity of the goods and the assessee failed to rebut its own description. Non-registration, absence of an approved classification list, and clearance of dutiable goods without duty payment or prescribed documents amounted to suppression of material facts, supporting invocation of the extended limitation period. On the same conduct, the penalty was treated as justified and reasonable in the circumstances. en-us Fri, 28 Feb 1997 00:00:00 +0530 Mon, 07 May 2012 13:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113639 Goods consistently described in the assessee's records, invoices, challans and seizure documents as M.S. flats of 5 mm thickness were classified as flats rather than bars, because contemporaneous evidence and trade parlance supported the factual identity of the goods and the assessee failed to rebut its own description. Non-registration, absence of an approved classification list, and clearance of dutiable goods without duty payment or prescribed documents amounted to suppression of material facts, supporting invocation of the extended limitation period. On the same conduct, the penalty was treated as justified and reasonable in the circumstances. Case-Laws Central Excise Fri, 28 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113639