https://www.taxtmi.com/caselaws?id=351954 The Tribunal held that the activities of cutting, drilling, punching, and welding on steel items do not amount to manufacture. It ruled that the value of bought-out items should not be included in the assessable value and that Rule 2(a) of the Interpretative Rules was not applicable. Additionally, no penalty was imposed on the appellant as there was no suppression of facts. Consequently, the demands were set aside, and the appeal was allowed. en-us Thu, 30 Nov 2017 00:00:00 +0530 Mon, 01 Jan 2018 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351954 The Tribunal held that the activities of cutting, drilling, punching, and welding on steel items do not amount to manufacture. It ruled that the value of bought-out items should not be included in the assessable value and that Rule 2(a) of the Interpretative Rules was not applicable. Additionally, no penalty was imposed on the appellant as there was no suppression of facts. Consequently, the demands were set aside, and the appeal was allowed. Case-Laws Central Excise Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351954