https://www.taxtmi.com/caselaws?id=785266 Ship-breaking shaft pieces were held correctly classifiable under heading 7326, because the goods had lost their original identity as shafts after salvage and breaking, and the Revenue's reclassification under heading 8483 lacked a sustainable basis. The show cause notice was also held time barred, as the import documents and assessment at clearance disclosed no concealment or mis-declaration, so the extended period under section 28(4) of the Customs Act, 1962 was unavailable. Revenue neutrality further negatived any allegation of deliberate suppression. The impugned order was therefore set aside and consequential relief was granted. en-us Tue, 20 Jan 2026 00:00:00 +0530 Wed, 21 Jan 2026 08:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785266 Ship-breaking shaft pieces were held correctly classifiable under heading 7326, because the goods had lost their original identity as shafts after salvage and breaking, and the Revenue's reclassification under heading 8483 lacked a sustainable basis. The show cause notice was also held time barred, as the import documents and assessment at clearance disclosed no concealment or mis-declaration, so the extended period under section 28(4) of the Customs Act, 1962 was unavailable. Revenue neutrality further negatived any allegation of deliberate suppression. The impugned order was therefore set aside and consequential relief was granted. Case-Laws Customs Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785266