https://www.taxtmi.com/caselaws?id=786148 The value of embedded or integral software must be included in the transaction value of imported networking hardware; accordingly the confirmed duty on that basis is sustained. The Tribunal found the separation of hardware and software values to be an interpretative classification made in bonafide belief, not suppression or wilful misstatement; therefore extended limitation for fraud or suppression cannot be invoked and penalty is set aside. Only the normal limitation period applies, so assessments must be requantified for the admissible period (limited to February-April 2010 as applicable). en-us Wed, 04 Feb 2026 00:00:00 +0530 Sat, 07 Feb 2026 07:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786148 The value of embedded or integral software must be included in the transaction value of imported networking hardware; accordingly the confirmed duty on that basis is sustained. The Tribunal found the separation of hardware and software values to be an interpretative classification made in bonafide belief, not suppression or wilful misstatement; therefore extended limitation for fraud or suppression cannot be invoked and penalty is set aside. Only the normal limitation period applies, so assessments must be requantified for the admissible period (limited to February-April 2010 as applicable). Case-Laws Customs Wed, 04 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786148