https://www.taxtmi.com/caselaws?id=93314 Grooving of plain iron and steel rolls was treated as manufacture because it produced a distinct commercial product with a different shape, character and use, making excise duty leviable on the grooved rolls. The exemption claim under Notification No. 281/86 for used rolls repaired by turning required fresh factual verification, and the valuation of new grooved rolls also needed evidence-based reconsideration for duty computation. The penalty was set aside in light of the partial acceptance of the assessee's contentions and the remand on exemption and valuation issues. en-us Mon, 21 Feb 2000 00:00:00 +0530 Wed, 09 Nov 2011 17:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93314 Grooving of plain iron and steel rolls was treated as manufacture because it produced a distinct commercial product with a different shape, character and use, making excise duty leviable on the grooved rolls. The exemption claim under Notification No. 281/86 for used rolls repaired by turning required fresh factual verification, and the valuation of new grooved rolls also needed evidence-based reconsideration for duty computation. The penalty was set aside in light of the partial acceptance of the assessee's contentions and the remand on exemption and valuation issues. Case-Laws Central Excise Mon, 21 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93314