https://www.taxtmi.com/caselaws?id=388250 Wrong classification by itself does not constitute misdeclaration where the import documents disclose the trade description and supporting quality certificates, and there is no suppression or false description of the goods; on that basis, invocation of the extended limitation period and penalties was unsustainable. The exemption under Notification No. 21/2002-Cus remained available for aluminous cement used in the manufacture of refractory products, even if the goods were treated as high alumina refractory cement or placed under a different tariff sub-heading. The demand, confiscation, redemption fine, and personal penalties were set aside. en-us Fri, 21 Jun 2019 00:00:00 +0530 Fri, 13 Mar 2020 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388250 Wrong classification by itself does not constitute misdeclaration where the import documents disclose the trade description and supporting quality certificates, and there is no suppression or false description of the goods; on that basis, invocation of the extended limitation period and penalties was unsustainable. The exemption under Notification No. 21/2002-Cus remained available for aluminous cement used in the manufacture of refractory products, even if the goods were treated as high alumina refractory cement or placed under a different tariff sub-heading. The demand, confiscation, redemption fine, and personal penalties were set aside. Case-Laws Customs Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388250