https://www.taxtmi.com/caselaws?id=325082 In a bona fide classification dispute, full disclosure of the raw material and final product in declarations, returns, import documents, audit records and clearance records negated any allegation of suppression of facts or wilful misstatement. The mere adoption of one classification by the assessee, when material facts were already before the Department, was insufficient to invoke the extended period of limitation. On the facts, the ingredients for extended limitation were not established, so the extended-period demand was unsustainable. The penalty was set aside, and the demand with interest was confined to the normal period of limitation. en-us Tue, 02 Feb 2016 00:00:00 +0530 Thu, 10 Mar 2016 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325082 In a bona fide classification dispute, full disclosure of the raw material and final product in declarations, returns, import documents, audit records and clearance records negated any allegation of suppression of facts or wilful misstatement. The mere adoption of one classification by the assessee, when material facts were already before the Department, was insufficient to invoke the extended period of limitation. On the facts, the ingredients for extended limitation were not established, so the extended-period demand was unsustainable. The penalty was set aside, and the demand with interest was confined to the normal period of limitation. Case-Laws Central Excise Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325082