https://www.taxtmi.com/caselaws?id=97822 The Tribunal held that the conversion of woollen yarn from plain reel hanks to cone yarn amounts to manufacture, upholding duty liability. However, the extended period of limitation for demanding duty was deemed inapplicable due to the appellants' bona fide belief, rendering the demand time-barred. The Tribunal also ruled that no penalty under Section 11AC could be imposed as it was not applicable during the demand period. Consequently, the appeal was disposed of with relief granted in accordance with the law. 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 The Tribunal held that the conversion of woollen yarn from plain reel hanks to cone yarn amounts to manufacture, upholding duty liability. However, the extended period of limitation for demanding duty was deemed inapplicable due to the appellants' bona fide belief, rendering the demand time-barred. The Tribunal also ruled that no penalty under Section 11AC could be imposed as it was not applicable during the demand period. Consequently, the appeal was disposed of with relief granted in accordance with the law. Case-Laws Central Excise Fri, 27 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97822