https://www.taxtmi.com/caselaws?id=82247 Cold rolled strips made from duty-paid hot rolled strips were not liable to fresh duty for the period before 1-8-1983, because earlier Tribunal rulings treated both forms as the same tariff commodity and barred double levy. After the tariff amendment from 1-8-1983, the tariff expressly covered hot rolled and cold rolled strips, so duty became payable on the finished strips, but proforma credit required reduction of the duty already suffered by the hot rolled inputs. Confiscation, redemption fine and penalty were set aside because the basis for punitive action did not survive in the circumstances. en-us Thu, 24 Sep 1992 00:00:00 +0530 Sat, 02 Jul 2011 18:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82247 Cold rolled strips made from duty-paid hot rolled strips were not liable to fresh duty for the period before 1-8-1983, because earlier Tribunal rulings treated both forms as the same tariff commodity and barred double levy. After the tariff amendment from 1-8-1983, the tariff expressly covered hot rolled and cold rolled strips, so duty became payable on the finished strips, but proforma credit required reduction of the duty already suffered by the hot rolled inputs. Confiscation, redemption fine and penalty were set aside because the basis for punitive action did not survive in the circumstances. Case-Laws Central Excise Thu, 24 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82247