https://www.taxtmi.com/caselaws?id=102485 Re-rolling untested rails into M.S. rounds constitutes manufacture of a new marketable product, bringing the goods within item 26-AA(i) of the First Schedule to the Central Excises and Salt Act, 1944 and attracting excise duty. Notification No. 89/62 applies only where the finished goods are made from duty-paid raw material of the same tariff item; it is unavailable when no duty was paid on the input rails. Where no prior assessment was made before removal of the goods, the demand is not a reopening of a short levy under rule 10, but a recovery of duty deficiency under rule 10-A without limitation. en-us Mon, 05 May 1986 00:00:00 +0530 Tue, 20 Jun 2017 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102485 Re-rolling untested rails into M.S. rounds constitutes manufacture of a new marketable product, bringing the goods within item 26-AA(i) of the First Schedule to the Central Excises and Salt Act, 1944 and attracting excise duty. Notification No. 89/62 applies only where the finished goods are made from duty-paid raw material of the same tariff item; it is unavailable when no duty was paid on the input rails. Where no prior assessment was made before removal of the goods, the demand is not a reopening of a short levy under rule 10, but a recovery of duty deficiency under rule 10-A without limitation. Case-Laws VAT and Sales Tax Mon, 05 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102485