https://www.taxtmi.com/caselaws?id=769900 CESTAT Kolkata held that imported animal feed supplement Nutracor 88 was correctly reclassified under CTH 23099090, making appellant ineligible for concessional duty exemption. However, the tribunal ruled that wrong classification claims do not constitute misdeclaration warranting extended limitation period invocation. Since no suppression of facts occurred and goods were properly described, demands beyond normal limitation period were set aside. Redemption fine was also quashed as no confiscation proposal existed and goods were already cleared. Penalty under Section 114A was deemed unsustainable absent fraud or willful misstatement. en-us Thu, 01 May 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769900 CESTAT Kolkata held that imported animal feed supplement Nutracor 88 was correctly reclassified under CTH 23099090, making appellant ineligible for concessional duty exemption. However, the tribunal ruled that wrong classification claims do not constitute misdeclaration warranting extended limitation period invocation. Since no suppression of facts occurred and goods were properly described, demands beyond normal limitation period were set aside. Redemption fine was also quashed as no confiscation proposal existed and goods were already cleared. Penalty under Section 114A was deemed unsustainable absent fraud or willful misstatement. Case-Laws Customs Thu, 01 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769900