https://www.taxtmi.com/caselaws?id=213659 Approved classification lists and subsequent declarations, once duly approved by the proper officer, could not be retrospectively displaced merely because the department later adopted a different view. The note states that no new material was withheld at the time of approval and the show cause notice did not reveal facts unavailable to the approving authority, so suppression or wilful misstatement was not established for invoking the extended period. On that basis, the duty demand and penalty could not be sustained under the extended limitation, and any departmental change in view would operate prospectively rather than retrospectively. The issue was decided in favour of the assessee. en-us Wed, 25 Apr 2012 00:00:00 +0530 Thu, 02 Jan 2014 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213659 Approved classification lists and subsequent declarations, once duly approved by the proper officer, could not be retrospectively displaced merely because the department later adopted a different view. The note states that no new material was withheld at the time of approval and the show cause notice did not reveal facts unavailable to the approving authority, so suppression or wilful misstatement was not established for invoking the extended period. On that basis, the duty demand and penalty could not be sustained under the extended limitation, and any departmental change in view would operate prospectively rather than retrospectively. The issue was decided in favour of the assessee. Case-Laws Central Excise Wed, 25 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213659