https://www.taxtmi.com/caselaws?id=378203 The Tribunal ruled in favor of the appellants in a case concerning the classification of imported goods as 'glass beads' or 'glass microspheres'. It was held that the extended period for demanding duty could not be invoked due to the lack of evidence supporting deliberate misrepresentation. Penalties under the Customs Act were deemed inapplicable as the appellants had paid the due duty amounts, and no deliberate misclassification was found. The demand for duty was limited to the normal period of limitation, and penalties were set aside based on the specific findings of the case. en-us Tue, 09 Apr 2019 00:00:00 +0530 Fri, 13 Mar 2020 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378203 The Tribunal ruled in favor of the appellants in a case concerning the classification of imported goods as 'glass beads' or 'glass microspheres'. It was held that the extended period for demanding duty could not be invoked due to the lack of evidence supporting deliberate misrepresentation. Penalties under the Customs Act were deemed inapplicable as the appellants had paid the due duty amounts, and no deliberate misclassification was found. The demand for duty was limited to the normal period of limitation, and penalties were set aside based on the specific findings of the case. Case-Laws Customs Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378203