https://www.taxtmi.com/caselaws?id=97822 Conversion of yarn in plain reel hanks into cone yarn was treated as manufacture because the process changed the form of the yarn and fell within the relevant tariff note; the challenge on merits therefore failed. Extended limitation could be invoked only on proof of fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty, and on the record no such ingredients were established; the demand was therefore time barred. Penalty under section 11AC was not sustainable because the demand related to a period before that provision came into force. The matter thus resulted in partial relief to the assessee. en-us Fri, 27 Apr 2001 00:00:00 +0530 Wed, 18 Jan 2012 12:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97822 Conversion of yarn in plain reel hanks into cone yarn was treated as manufacture because the process changed the form of the yarn and fell within the relevant tariff note; the challenge on merits therefore failed. Extended limitation could be invoked only on proof of fraud, collusion, wilful misstatement, suppression of facts, or intent to evade duty, and on the record no such ingredients were established; the demand was therefore time barred. Penalty under section 11AC was not sustainable because the demand related to a period before that provision came into force. The matter thus resulted in partial relief to the assessee. Case-Laws Central Excise Fri, 27 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97822