https://www.taxtmi.com/caselaws?id=85865 Cutting, slitting and perforation of duty-paid jumbo rolls were treated as not amounting to manufacture for the relevant period, because the earlier Board circular supported that view and the later Trade Notice and Chapter Note were not applied retrospectively. The demand was also held time-barred, as suppression or wilful misstatement was not established where the Department knew the material facts and the assessee's correspondence reflected the earlier circular position. Penalty on the company was reduced, and penalty on the Commercial Manager was set aside because the alleged conduct did not satisfy Rule 209A and the underlying demand failed for the relevant period. en-us Fri, 03 Nov 1995 00:00:00 +0530 Mon, 08 Aug 2011 16:00:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85865 Cutting, slitting and perforation of duty-paid jumbo rolls were treated as not amounting to manufacture for the relevant period, because the earlier Board circular supported that view and the later Trade Notice and Chapter Note were not applied retrospectively. The demand was also held time-barred, as suppression or wilful misstatement was not established where the Department knew the material facts and the assessee's correspondence reflected the earlier circular position. Penalty on the company was reduced, and penalty on the Commercial Manager was set aside because the alleged conduct did not satisfy Rule 209A and the underlying demand failed for the relevant period. Case-Laws Central Excise Fri, 03 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85865