https://www.taxtmi.com/caselaws?id=289493 The exemption dispute turned on whether purified terephthalic acid could be treated as pure terephthalic acid, with the Tribunal noting that the tariff fixed no purity percentage and that trade understanding supported treatment of the product as the highest grade of terephthalic acid. An expert certificate stating that 99.8% purity could qualify as pure terephthalic acid had been produced but not examined by the adjudicating authority, so the exemption question was remanded for fresh consideration with that material and any contrary evidence. On limitation, disclosure of the product description in monthly returns negatived wilful suppression, so the extended period was unavailable and the equal penalty could not stand. en-us Wed, 16 Oct 2019 00:00:00 +0530 Mon, 03 Aug 2020 14:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289493 The exemption dispute turned on whether purified terephthalic acid could be treated as pure terephthalic acid, with the Tribunal noting that the tariff fixed no purity percentage and that trade understanding supported treatment of the product as the highest grade of terephthalic acid. An expert certificate stating that 99.8% purity could qualify as pure terephthalic acid had been produced but not examined by the adjudicating authority, so the exemption question was remanded for fresh consideration with that material and any contrary evidence. On limitation, disclosure of the product description in monthly returns negatived wilful suppression, so the extended period was unavailable and the equal penalty could not stand. Case-Laws Central Excise Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289493