https://www.taxtmi.com/caselaws?id=49986 Goods marketed as insulating varnishes were held classifiable under the tariff entry for insulating varnishes rather than as alkyd resins, because the evidence showed mixed resin content, solvent levels below 50% in some grades, and use for electrical appliances. The assessee's nondisclosure of these material facts amounted to suppression, supporting penalty and extended limitation in principle. However, the duty demand was enforceable only within the statutory five-year period, so the portion beyond that period was time-barred and set aside. The balance demand and the penalty were sustained. en-us Tue, 18 Apr 2000 00:00:00 +0530 Wed, 18 Aug 2010 18:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49986 Goods marketed as insulating varnishes were held classifiable under the tariff entry for insulating varnishes rather than as alkyd resins, because the evidence showed mixed resin content, solvent levels below 50% in some grades, and use for electrical appliances. The assessee's nondisclosure of these material facts amounted to suppression, supporting penalty and extended limitation in principle. However, the duty demand was enforceable only within the statutory five-year period, so the portion beyond that period was time-barred and set aside. The balance demand and the penalty were sustained. Case-Laws Central Excise Tue, 18 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49986