https://www.taxtmi.com/caselaws?id=768651 CESTAT Bangalore allowed the appeal regarding classification of silver articles and excise duty demands. The tribunal held that goods were correctly classified under CETH 7113 (silver jewellery) rather than CETH 7114, as no evidence showed precious stones were studded. Extended limitation period was invalid due to absence of wilful suppression. Appellant entitled to exemption under Notification 12/2012 by complying with conditions including credit reversal. Hedging activities constituted risk management, not trading, making related duty demand unsustainable. Demand for ineligible motor vehicle credit was previously dropped. All demands were set aside. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768651 CESTAT Bangalore allowed the appeal regarding classification of silver articles and excise duty demands. The tribunal held that goods were correctly classified under CETH 7113 (silver jewellery) rather than CETH 7114, as no evidence showed precious stones were studded. Extended limitation period was invalid due to absence of wilful suppression. Appellant entitled to exemption under Notification 12/2012 by complying with conditions including credit reversal. Hedging activities constituted risk management, not trading, making related duty demand unsustainable. Demand for ineligible motor vehicle credit was previously dropped. All demands were set aside. Case-Laws Central Excise Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768651