https://www.taxtmi.com/caselaws?id=213441 The Tribunal held that the process undertaken by the appellant companies did not amount to manufacture as defined under the Central Excise Act. The extended period for demanding duty was invoked due to deliberate strategies employed by the companies. Penalties imposed on officers and employees were set aside as they were not directly responsible for the wrong credit. The situation was deemed not Revenue neutral, leading to liability for interest and penalties. The credit taken was found inadmissible. A separate opinion by Member (Judicial) disagreed with penalties and interest imposition, leading to the appeals being allowed based on the majority decision. en-us Tue, 03 Jan 2012 00:00:00 +0530 Tue, 09 Oct 2012 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213441 The Tribunal held that the process undertaken by the appellant companies did not amount to manufacture as defined under the Central Excise Act. The extended period for demanding duty was invoked due to deliberate strategies employed by the companies. Penalties imposed on officers and employees were set aside as they were not directly responsible for the wrong credit. The situation was deemed not Revenue neutral, leading to liability for interest and penalties. The credit taken was found inadmissible. A separate opinion by Member (Judicial) disagreed with penalties and interest imposition, leading to the appeals being allowed based on the majority decision. Case-Laws Central Excise Tue, 03 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213441