https://www.taxtmi.com/caselaws?id=190408 Converting wire into PVC insulated winding wire was treated as manufacture because it produced a distinct commercially known product, and the exemption was unavailable since the notification required use of wire of a prescribed cross-sectional dimension that was not satisfied. Non-disclosure of the actual input wire in the records was treated as suppression of facts, so the extended limitation period under the Central Excise law was invocable and the demand was not time-barred. Modvat credit on inputs was allowed subject to verification, and penalty under Section 11AC was sustained, to be quantified on the duty remaining after such credit and restricted to the relevant clearances. en-us Tue, 06 Oct 2015 00:00:00 +0530 Tue, 14 Feb 2017 18:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190408 Converting wire into PVC insulated winding wire was treated as manufacture because it produced a distinct commercially known product, and the exemption was unavailable since the notification required use of wire of a prescribed cross-sectional dimension that was not satisfied. Non-disclosure of the actual input wire in the records was treated as suppression of facts, so the extended limitation period under the Central Excise law was invocable and the demand was not time-barred. Modvat credit on inputs was allowed subject to verification, and penalty under Section 11AC was sustained, to be quantified on the duty remaining after such credit and restricted to the relevant clearances. Case-Laws Central Excise Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190408