https://www.taxtmi.com/caselaws?id=333800 LSHF-HSD was treated as falling within the exclusion for High Speed Diesel under Rule 2(k) of the CENVAT Credit Rules, 2004 because it shared the same tariff classification as HSD under Chapter 2710 19 30, so CENVAT credit was not admissible. For limitation, disclosure of the product as LSHF-HSD or LS/HF HSD in statutory returns negatived suppression for that period, making the demand time-barred, while description of the product as ST 6733 was treated as misdeclaration supporting the demand for that later period. The result was a split treatment of the demand, with only the sustained portion remaining for recalculation of interest and consequential penalty. en-us Fri, 26 Aug 2016 00:00:00 +0530 Sat, 19 Aug 2017 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333800 LSHF-HSD was treated as falling within the exclusion for High Speed Diesel under Rule 2(k) of the CENVAT Credit Rules, 2004 because it shared the same tariff classification as HSD under Chapter 2710 19 30, so CENVAT credit was not admissible. For limitation, disclosure of the product as LSHF-HSD or LS/HF HSD in statutory returns negatived suppression for that period, making the demand time-barred, while description of the product as ST 6733 was treated as misdeclaration supporting the demand for that later period. The result was a split treatment of the demand, with only the sustained portion remaining for recalculation of interest and consequential penalty. Case-Laws Central Excise Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333800