https://www.taxtmi.com/caselaws?id=51578 Dry moulds were held classifiable under the specific tariff heading for moulds rather than the residuary heading, because their nature and use fitted the more specific description. The duty demand on Thermit portions and dry moulds failed on valuation and limitation grounds, as the Department could not rely on smaller higher-priced sales for captive clearances, overlapping periods had already been adjudicated, and the disclosed classification and product details did not justify the extended period. Related-person valuation was also rejected because subsidiary status and exclusive dealing did not by themselves show mutuality of interest or extra-commercial influence; with undervaluation unproved, the penalty also fell. en-us Mon, 29 Apr 2002 00:00:00 +0530 Mon, 27 Sep 2010 10:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51578 Dry moulds were held classifiable under the specific tariff heading for moulds rather than the residuary heading, because their nature and use fitted the more specific description. The duty demand on Thermit portions and dry moulds failed on valuation and limitation grounds, as the Department could not rely on smaller higher-priced sales for captive clearances, overlapping periods had already been adjudicated, and the disclosed classification and product details did not justify the extended period. Related-person valuation was also rejected because subsidiary status and exclusive dealing did not by themselves show mutuality of interest or extra-commercial influence; with undervaluation unproved, the penalty also fell. Case-Laws Central Excise Mon, 29 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51578