https://www.taxtmi.com/caselaws?id=339278 Duty was payable on waste and scrap cleared from worn-out conveyor belts that had been taken as capital goods on credit, because the credit scheme and Rule 57S(2)(c) fastened duty on such clearance; the classification dispute under Heading 4004 and Chapter Note 6 of Chapter 40 was resolved against the assessee. However, extended limitation under Section 11A was not available because the record showed a bona fide interpretational dispute, with no wilful suppression, misstatement, fraud, or intent to evade duty. The demand and penalty consequence were therefore confined to the normal period. en-us Fri, 30 Dec 2016 00:00:00 +0530 Thu, 23 Feb 2017 06:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339278 Duty was payable on waste and scrap cleared from worn-out conveyor belts that had been taken as capital goods on credit, because the credit scheme and Rule 57S(2)(c) fastened duty on such clearance; the classification dispute under Heading 4004 and Chapter Note 6 of Chapter 40 was resolved against the assessee. However, extended limitation under Section 11A was not available because the record showed a bona fide interpretational dispute, with no wilful suppression, misstatement, fraud, or intent to evade duty. The demand and penalty consequence were therefore confined to the normal period. Case-Laws Central Excise Fri, 30 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339278