https://www.taxtmi.com/caselaws?id=341002 Blanks cut from CR/HR sheets or coils, which required further processing before becoming identifiable motor vehicle parts, were classifiable under Chapter 72 and not under CETH 8708/8714 because goods are assessed on their present character, not intended end use. Since the classification adopted by the assessee was disclosed in ER-1 returns and the Revenue knew the material facts, suppression or wilful misstatement was not established, so the extended period of limitation could not be invoked. The demand was therefore time-barred and the impugned order was set aside. en-us Tue, 07 Mar 2017 00:00:00 +0530 Thu, 04 Jan 2018 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341002 Blanks cut from CR/HR sheets or coils, which required further processing before becoming identifiable motor vehicle parts, were classifiable under Chapter 72 and not under CETH 8708/8714 because goods are assessed on their present character, not intended end use. Since the classification adopted by the assessee was disclosed in ER-1 returns and the Revenue knew the material facts, suppression or wilful misstatement was not established, so the extended period of limitation could not be invoked. The demand was therefore time-barred and the impugned order was set aside. Case-Laws Central Excise Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341002