https://www.taxtmi.com/caselaws?id=98863 Twisting single ply yarn into multi-fold yarn was treated as manufacture because the tariff's deeming provisions in Notes 2 to Chapters 51 and 55 expressly covered twisting and similar processing. On that basis, machinery used for the process qualified as capital goods, so credit on the two-for-one twister under the excise credit rule was admissible. The Revenue's authorities were distinguished as relating to the erstwhile tariff and not controlling where the present tariff contained an express deeming fiction. en-us Fri, 10 Mar 2000 00:00:00 +0530 Tue, 24 Jan 2012 13:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98863 Twisting single ply yarn into multi-fold yarn was treated as manufacture because the tariff's deeming provisions in Notes 2 to Chapters 51 and 55 expressly covered twisting and similar processing. On that basis, machinery used for the process qualified as capital goods, so credit on the two-for-one twister under the excise credit rule was admissible. The Revenue's authorities were distinguished as relating to the erstwhile tariff and not controlling where the present tariff contained an express deeming fiction. Case-Laws Central Excise Fri, 10 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98863