https://www.taxtmi.com/caselaws?id=267653 The Tribunal ruled in favor of the department, classifying the goods as angles and plates rather than waste and scrap, imposing a 15% duty. The value of the goods was accepted based on appellant's invoices, leading to duty computation at 15%. The extended period of limitation was justified due to lack of clarity in the appellant's declaration. The case was remanded for recalculating duty, interest, and penalty. This decision underscores the significance of accurate classification, consideration of actual value, and valid grounds for invoking extended limitation periods in duty matters. en-us Mon, 15 Jun 2015 00:00:00 +0530 Sat, 13 Feb 2016 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267653 The Tribunal ruled in favor of the department, classifying the goods as angles and plates rather than waste and scrap, imposing a 15% duty. The value of the goods was accepted based on appellant's invoices, leading to duty computation at 15%. The extended period of limitation was justified due to lack of clarity in the appellant's declaration. The case was remanded for recalculating duty, interest, and penalty. This decision underscores the significance of accurate classification, consideration of actual value, and valid grounds for invoking extended limitation periods in duty matters. Case-Laws Central Excise Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267653