https://www.taxtmi.com/caselaws?id=427729 The Tribunal dismissed the impugned order, allowing the appeals and classifying the imported bearings under heading 8482, not as parts or components of vehicles or machinery. The processes of repacking and labeling did not amount to manufacture under Section 2(f)(iii), and the bearings were not assessable under Section 4A. The extended limitation period was deemed inapplicable, and the appellant was granted credit for CVD paid. The penalty on Mr. Sharad Sharma was overturned as he was not involved in the evasion of duty knowingly. en-us Mon, 05 Sep 2022 00:00:00 +0530 Fri, 16 Sep 2022 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427729 The Tribunal dismissed the impugned order, allowing the appeals and classifying the imported bearings under heading 8482, not as parts or components of vehicles or machinery. The processes of repacking and labeling did not amount to manufacture under Section 2(f)(iii), and the bearings were not assessable under Section 4A. The extended limitation period was deemed inapplicable, and the appellant was granted credit for CVD paid. The penalty on Mr. Sharad Sharma was overturned as he was not involved in the evasion of duty knowingly. Case-Laws Central Excise Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427729