https://www.taxtmi.com/caselaws?id=115201 The Appellate Tribunal CESTAT, Kolkata ruled that the conversion of sheets by cutting/slitting HR/CR coils amounts to manufacturing, as per Board's Circulars. The Circulars were deemed binding on Revenue, supporting the availability of Modvat credit on the materials used. The Tribunal found in favor of the appellant, dispensing with duty and penalty due to compliance with duty payment and revenue-neutral circumstances. en-us Mon, 14 Feb 2005 00:00:00 +0530 Thu, 24 May 2012 16:18:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115201 The Appellate Tribunal CESTAT, Kolkata ruled that the conversion of sheets by cutting/slitting HR/CR coils amounts to manufacturing, as per Board's Circulars. The Circulars were deemed binding on Revenue, supporting the availability of Modvat credit on the materials used. The Tribunal found in favor of the appellant, dispensing with duty and penalty due to compliance with duty payment and revenue-neutral circumstances. Case-Laws Central Excise Mon, 14 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115201