https://www.taxtmi.com/caselaws?id=54510 Wax used in yarn manufacture was treated as a consumable, not a raw material, because it served only to improve weaving performance, did not remain in the final product, and was removed before dyeing. On that basis, the assessee retained the benefit of Notification No. 8/97-CX. The demand was also held time-barred because the department already knew of the imported wax through declarations, correspondence, and unit-level control, so suppression was not established and the extended limitation period could not be invoked. The impugned order was set aside with consequential relief. en-us Tue, 05 Jul 2005 00:00:00 +0530 Mon, 29 Apr 2024 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54510 Wax used in yarn manufacture was treated as a consumable, not a raw material, because it served only to improve weaving performance, did not remain in the final product, and was removed before dyeing. On that basis, the assessee retained the benefit of Notification No. 8/97-CX. The demand was also held time-barred because the department already knew of the imported wax through declarations, correspondence, and unit-level control, so suppression was not established and the extended limitation period could not be invoked. The impugned order was set aside with consequential relief. Case-Laws Central Excise Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54510