https://www.taxtmi.com/caselaws?id=119959 Knowing clearance of processed powerloom fabrics as handloom fabrics, coupled with non-disclosure in monthly returns and evidence showing awareness of the goods' true identity, justified invocation of the extended limitation period under the proviso to section 11A(1) of the Central Excise Act. Suppression with intent to evade duty was therefore established, so the duty demand survived in principle, subject to fresh re-quantification and acceptance of valuation under section 4(4)(d)(ii). Penalty on the co-operative society could not be sustained because the record did not show misdeclaration, active participation, or conscious abetment in the evasion, and that penalty was set aside. en-us Thu, 31 Aug 2006 00:00:00 +0530 Fri, 23 Feb 2024 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119959 Knowing clearance of processed powerloom fabrics as handloom fabrics, coupled with non-disclosure in monthly returns and evidence showing awareness of the goods' true identity, justified invocation of the extended limitation period under the proviso to section 11A(1) of the Central Excise Act. Suppression with intent to evade duty was therefore established, so the duty demand survived in principle, subject to fresh re-quantification and acceptance of valuation under section 4(4)(d)(ii). Penalty on the co-operative society could not be sustained because the record did not show misdeclaration, active participation, or conscious abetment in the evasion, and that penalty was set aside. Case-Laws Central Excise Thu, 31 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119959