https://www.taxtmi.com/caselaws?id=752994 Assembly of imported CKD furniture components with locally procured parts into complete tables, chairs, cabinets, filing racks and modular workstations constitutes manufacture, because distinct commercial furniture emerges for central excise purposes under Chapter 9403. The fact that the goods were imported in CKD form and classified differently under customs law did not negate manufacture. However, extended limitation and penalties were not sustainable where the assessee acted under a bona fide belief on an arguable classification issue and suppression was not established. Where duty is otherwise payable, cum-duty treatment and Cenvat credit may be allowed subject to verification of invoices and duty-paid inputs, and the matter was remanded for recomputation on the normal period with consequential relief. en-us Fri, 03 May 2024 00:00:00 +0530 Wed, 22 May 2024 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752994 Assembly of imported CKD furniture components with locally procured parts into complete tables, chairs, cabinets, filing racks and modular workstations constitutes manufacture, because distinct commercial furniture emerges for central excise purposes under Chapter 9403. The fact that the goods were imported in CKD form and classified differently under customs law did not negate manufacture. However, extended limitation and penalties were not sustainable where the assessee acted under a bona fide belief on an arguable classification issue and suppression was not established. Where duty is otherwise payable, cum-duty treatment and Cenvat credit may be allowed subject to verification of invoices and duty-paid inputs, and the matter was remanded for recomputation on the normal period with consequential relief. Case-Laws Central Excise Fri, 03 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752994