https://www.taxtmi.com/caselaws?id=101489 Processing received material through dyeing, steaming, chemical treatment, drying, waxing and winding into finished tubes was treated as manufacture because it produced a commercially distinct and marketable product known as sewing thread, making the goods excisable in principle. The realised sale price was required to be treated on a cum-duty basis for fresh valuation, with duty to be recomputed accordingly. Modvat credit eligibility was also directed to be examined on remand, and the penalty was set aside for reconsideration after the re-determined duty demand. en-us Fri, 22 Feb 2002 00:00:00 +0530 Thu, 09 Feb 2012 18:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101489 Processing received material through dyeing, steaming, chemical treatment, drying, waxing and winding into finished tubes was treated as manufacture because it produced a commercially distinct and marketable product known as sewing thread, making the goods excisable in principle. The realised sale price was required to be treated on a cum-duty basis for fresh valuation, with duty to be recomputed accordingly. Modvat credit eligibility was also directed to be examined on remand, and the penalty was set aside for reconsideration after the re-determined duty demand. Case-Laws Central Excise Fri, 22 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101489