https://www.taxtmi.com/caselaws?id=83899 Slitting jumbo rolls of audio magnetic tapes into narrower tapes was treated as manufacture because the process produced a new and independently marketable commodity, attracting duty under the central excise law even though the goods remained within the same broad tariff entry. The tariff classification of the jumbo rolls was not decisive once the resultant product was found to be commercially distinct. Penalty under the Central Excise Rules, however, was found unwarranted on the facts, including the limited period of activity and the assessee's bona fide belief that no manufacture had occurred. Duty liability was upheld, while the penal consequence was removed. en-us Mon, 09 Jan 1995 00:00:00 +0530 Mon, 18 Jul 2011 15:39:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83899 Slitting jumbo rolls of audio magnetic tapes into narrower tapes was treated as manufacture because the process produced a new and independently marketable commodity, attracting duty under the central excise law even though the goods remained within the same broad tariff entry. The tariff classification of the jumbo rolls was not decisive once the resultant product was found to be commercially distinct. Penalty under the Central Excise Rules, however, was found unwarranted on the facts, including the limited period of activity and the assessee's bona fide belief that no manufacture had occurred. Duty liability was upheld, while the penal consequence was removed. Case-Laws Central Excise Mon, 09 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83899