https://www.taxtmi.com/caselaws?id=118743 Printing on PVC films and sheets was treated as manufacture because the printed product acquired a distinct commercial identity, and the printed goods were classified under Heading 3920.19 rather than Heading 4901.90. Penalty under Section 11AC and interest under Section 11AB were held not sustainable for the relevant period, and the joint penalty under Rule 173Q(1) read with Section 11AC was set aside. The duty liability, cum-duty valuation, Modvat credit and consequential redemption fine were remitted for fresh adjudication, with directions to reconsider the assessable value and related duty consequences. en-us Tue, 12 Jul 2005 00:00:00 +0530 Mon, 29 Apr 2024 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118743 Printing on PVC films and sheets was treated as manufacture because the printed product acquired a distinct commercial identity, and the printed goods were classified under Heading 3920.19 rather than Heading 4901.90. Penalty under Section 11AC and interest under Section 11AB were held not sustainable for the relevant period, and the joint penalty under Rule 173Q(1) read with Section 11AC was set aside. The duty liability, cum-duty valuation, Modvat credit and consequential redemption fine were remitted for fresh adjudication, with directions to reconsider the assessable value and related duty consequences. Case-Laws Central Excise Tue, 12 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118743