https://www.taxtmi.com/article/detailed?id=1292 Admissions in the audited balance sheet and director's report that testing equipment was fabricated and capitalised were held to establish manufacture of marketable goods; such in factory manufacture is taxable as deemed removal under the Explanations to Rules 9 and 49. Because the company failed to disclose manufacture, obtain licences or produce records showing dismantling or accounting reversals, the extended period of limitation was rightly invoked and the audited accounts provided valid evidence supporting the duty demand. en-us Wed, 18 May 2011 18:54:53 +0530 Wed, 18 May 2011 18:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1292 Admissions in the audited balance sheet and director's report that testing equipment was fabricated and capitalised were held to establish manufacture of marketable goods; such in factory manufacture is taxable as deemed removal under the Explanations to Rules 9 and 49. Because the company failed to disclose manufacture, obtain licences or produce records showing dismantling or accounting reversals, the extended period of limitation was rightly invoked and the audited accounts provided valid evidence supporting the duty demand. Articles Central Excise Wed, 18 May 2011 18:54:53 +0530 https://www.taxtmi.com/article/detailed?id=1292