https://www.taxtmi.com/caselaws?id=83103 Excise duty is attracted on manufacture, but under the notification the decisive conditions were that the goods be manufactured in the factory and intended for use there. Moulds made in the assessee's factory, retained in that factory and used there remained eligible for exemption, even though sale invoices were raised in favour of a finance company for funding purposes. Mere invoicing without actual removal did not alter the excisable character of the goods or defeat the exemption. As the duty demand rested only on the financing arrangement and not on any breach of the notification condition, the demand and the related penalty were unsustainable. en-us Wed, 09 Mar 1994 00:00:00 +0530 Mon, 11 Jul 2011 10:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83103 Excise duty is attracted on manufacture, but under the notification the decisive conditions were that the goods be manufactured in the factory and intended for use there. Moulds made in the assessee's factory, retained in that factory and used there remained eligible for exemption, even though sale invoices were raised in favour of a finance company for funding purposes. Mere invoicing without actual removal did not alter the excisable character of the goods or defeat the exemption. As the duty demand rested only on the financing arrangement and not on any breach of the notification condition, the demand and the related penalty were unsustainable. Case-Laws Central Excise Wed, 09 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83103