https://www.taxtmi.com/caselaws?id=792641 AKD Wax was held classifiable under CTH 34049090 as a prepared wax based on its wax-like characteristics, technical reports and use in paper sizing and finishing, so the importer's classification claim under CTH 29141990 failed. The extended period under the proviso to Section 28 of the Customs Act was not available because the goods were openly declared, repeatedly assessed and cleared by the Department, and suppression or wilful misstatement was not established; duty was therefore confined to the normal period with applicable interest. Penalties under Section 112(a) were set aside for lack of proof of conscious knowledge, collusion or deliberate abetment, though confiscation and redemption fine for the live consignment were maintained. en-us Fri, 29 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 08:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792641 AKD Wax was held classifiable under CTH 34049090 as a prepared wax based on its wax-like characteristics, technical reports and use in paper sizing and finishing, so the importer's classification claim under CTH 29141990 failed. The extended period under the proviso to Section 28 of the Customs Act was not available because the goods were openly declared, repeatedly assessed and cleared by the Department, and suppression or wilful misstatement was not established; duty was therefore confined to the normal period with applicable interest. Penalties under Section 112(a) were set aside for lack of proof of conscious knowledge, collusion or deliberate abetment, though confiscation and redemption fine for the live consignment were maintained. Case-Laws Customs Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792641