https://www.taxtmi.com/caselaws?id=111734 Re-packing and re-labelling of duty-paid thinner did not amount to manufacture for the pre-amendment period, and the extended limitation could not be invoked without credible proof of suppression. Modvat credit on packing materials was disallowed where diversion of containers was admitted and supported by records. Penalties under Section 11AC, Rule 173Q and Rule 209A, along with interest under Section 11AB and confiscation orders, were not sustainable on the facts, and personal penalty on the Managing Director was also unsustained. Cum-duty valuation was upheld, and Section 11AC could not be applied retrospectively to an earlier period. en-us Fri, 30 Apr 2004 00:00:00 +0530 Tue, 24 Apr 2012 18:48:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111734 Re-packing and re-labelling of duty-paid thinner did not amount to manufacture for the pre-amendment period, and the extended limitation could not be invoked without credible proof of suppression. Modvat credit on packing materials was disallowed where diversion of containers was admitted and supported by records. Penalties under Section 11AC, Rule 173Q and Rule 209A, along with interest under Section 11AB and confiscation orders, were not sustainable on the facts, and personal penalty on the Managing Director was also unsustained. Cum-duty valuation was upheld, and Section 11AC could not be applied retrospectively to an earlier period. Case-Laws Central Excise Fri, 30 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111734