https://www.taxtmi.com/caselaws?id=790777 Lip seals predominantly made of rubber were classified under heading 4016 as articles of vulcanised rubber, because Section Note 2(a) to Section XVII excludes such goods from Chapter 87 even if they function as motor vehicle parts. The demand on gear assembly could not be sustained under the extended period of limitation, as a mere classification dispute did not establish collusion, wilful misstatement, suppression of facts, or intent to evade duty. Penalty under section 114A also failed for the same reason. The valuation issue was remanded for fresh examination of whether newly produced freight certificates supported exclusion of freight from assessable value. en-us Mon, 27 Apr 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790777 Lip seals predominantly made of rubber were classified under heading 4016 as articles of vulcanised rubber, because Section Note 2(a) to Section XVII excludes such goods from Chapter 87 even if they function as motor vehicle parts. The demand on gear assembly could not be sustained under the extended period of limitation, as a mere classification dispute did not establish collusion, wilful misstatement, suppression of facts, or intent to evade duty. Penalty under section 114A also failed for the same reason. The valuation issue was remanded for fresh examination of whether newly produced freight certificates supported exclusion of freight from assessable value. Case-Laws Customs Mon, 27 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790777