https://www.taxtmi.com/caselaws?id=312354 CESTAT Chennai held that classification dispute regarding SCM 435 and C45E steel varieties for exemption under Notification 21/2002 did not constitute misdeclaration or suppression of facts. The appellant had submitted all necessary documents including inspection certificates and test certificates during pre-self-assessment period when department was responsible for assessment. Following Supreme Court precedent in Northern Plastic Ltd., merely claiming exemption benefit or particular classification does not amount to misdeclaration. Extended limitation period was not applicable, demand restricted to normal period, and penalty set aside. Appeal disposed of with order modified accordingly. en-us Mon, 13 Feb 2023 00:00:00 +0530 Tue, 13 Feb 2024 17:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312354 CESTAT Chennai held that classification dispute regarding SCM 435 and C45E steel varieties for exemption under Notification 21/2002 did not constitute misdeclaration or suppression of facts. The appellant had submitted all necessary documents including inspection certificates and test certificates during pre-self-assessment period when department was responsible for assessment. Following Supreme Court precedent in Northern Plastic Ltd., merely claiming exemption benefit or particular classification does not amount to misdeclaration. Extended limitation period was not applicable, demand restricted to normal period, and penalty set aside. Appeal disposed of with order modified accordingly. Case-Laws Customs Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312354