CESTAT Chennai Quashes Customs Demand; Extended Limitation Not Invoked Without Wilful Misstatement

TTK Protective Devices Ltd Vs Commissioner of Customs (CESTAT Chennai) The appeal challenged Order-in-Original No. 43072/2015 dated 30.11.2015, by which the Commissioner of Customs, Chennai–IV reclassified imported “Natural Rubber Latex Concentrate” from CTH 4001 2910 (Hevea) attracting 20% basic customs duty to CTH 4001 1020/40011020 attracting 70% duty. The demand covered five Bills of Entry (BEs) for the period April 2011 to March 2012 and confirmed differential duty of ₹92,18,355/- with interest and equal penalty under Section 114A of the Customs Act, 1962. The appellant, a manufac...