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TMI Blog2013 (5) TMI 432X X X X Extracts X X X X X X X X Extracts X X X X ..... erein, when the classification list approved by the revenue, the Hon’ble Court held that the demand cannot be raised even within the limitation period as provided u/s 11A. However, the said declaration law was neutralized by retrospective legislation amending the provision of Section 11A and laying down that even in the case of approval of classification or price list, the demand can still be rais ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is engaged in the manufacture of forgings and forged articles of iron and steel. They had earlier classified the goods w.e.f. 1.3.89 claiming the classification under heading 17326.19 attracting duty at the rate of 15%. However, the classification was approved by the proper officer on 30.08.90 shifting the same to heading 8483 and 8708 attracting 13% and 15% rate of duty. The said classification w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th confirmation of interest @ 20%. However, he refrained from imposing any penalty on the appellant. The said order of the Assistant Commissioner was confirmed by the Commissioner (Appeals). Hence, the present appeal. 4. The only ground canvassed by the ld. Advocate before us is that in the light of the previous development, it can be seen that they had initially claimed the classification under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 (SC) wherein, when the classification list approved by the revenue, the Hon ble Court held that the demand cannot be raised even within the limitation period as provided under Section 11A. However, the said declaration law was neutralized by retrospective legislation amending the provision of Section 11A and laying down that even in the case of approval of classification or price list, the deman ..... X X X X Extracts X X X X X X X X Extracts X X X X
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