https://www.taxtmi.com/caselaws?id=52673 Goods are classified on their condition at the time of clearance, and items requiring further grinding, heat treatment, hole making and short blasting before use were not identifiable as agricultural implement parts when removed from the factory. On that basis, classification under forged articles of iron and steel was upheld. However, the extended limitation period failed because the assessee had disclosed the goods and its classification claim, so suppression or wilful misdeclaration with intent to evade duty was not established. The penalties also fell once that foundation disappeared, leaving only the duty demand within the normal limitation period to be determined. en-us Wed, 14 Jan 2004 00:00:00 +0530 Thu, 07 Oct 2010 11:13:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52673 Goods are classified on their condition at the time of clearance, and items requiring further grinding, heat treatment, hole making and short blasting before use were not identifiable as agricultural implement parts when removed from the factory. On that basis, classification under forged articles of iron and steel was upheld. However, the extended limitation period failed because the assessee had disclosed the goods and its classification claim, so suppression or wilful misdeclaration with intent to evade duty was not established. The penalties also fell once that foundation disappeared, leaving only the duty demand within the normal limitation period to be determined. Case-Laws Central Excise Wed, 14 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52673