https://www.taxtmi.com/caselaws?id=793210 Section 28 limitation under the Customs Act, 1962 was applied to split the duty demand by period: the demand for 1998-99 to 2002-03 was time-barred, while the later period survived within limitation. Penalty under Section 114A was treated as consequential to duty and interest determined on the basis of collusion, wilful misstatement or suppression, and was therefore leviable only to the extent of the surviving demand. The quantified shortage and duty liability also required recomputation after giving credit for the available physical stock of re-imported silk fabric, with adjustment directed for the period from 2003-04 to 2007-08. en-us Thu, 16 Apr 2026 00:00:00 +0530 Thu, 11 Jun 2026 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793210 Section 28 limitation under the Customs Act, 1962 was applied to split the duty demand by period: the demand for 1998-99 to 2002-03 was time-barred, while the later period survived within limitation. Penalty under Section 114A was treated as consequential to duty and interest determined on the basis of collusion, wilful misstatement or suppression, and was therefore leviable only to the extent of the surviving demand. The quantified shortage and duty liability also required recomputation after giving credit for the available physical stock of re-imported silk fabric, with adjustment directed for the period from 2003-04 to 2007-08. Case-Laws Customs Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793210