https://www.taxtmi.com/caselaws?id=41548 Plywood is treated as excisable at the panel or block stage where it emerges from the press as a commercially identifiable product under Item 16B, because Sections 2(f) and 3 tax goods produced or manufactured in India and further cutting into circles does not defer the levy. The scheme was read with Rule 9 to support duty collection at that stage, and notices based on that liability were valid. The ruling was then limited in practical effect: because of the prior assessment practice and hardship from reopening past periods, recovery was confined prospectively and earlier years were not to be reopened under the impugned notices. en-us Tue, 26 Mar 1985 00:00:00 +0530 Sat, 02 Aug 2014 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41548 Plywood is treated as excisable at the panel or block stage where it emerges from the press as a commercially identifiable product under Item 16B, because Sections 2(f) and 3 tax goods produced or manufactured in India and further cutting into circles does not defer the levy. The scheme was read with Rule 9 to support duty collection at that stage, and notices based on that liability were valid. The ruling was then limited in practical effect: because of the prior assessment practice and hardship from reopening past periods, recovery was confined prospectively and earlier years were not to be reopened under the impugned notices. Case-Laws Central Excise Tue, 26 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41548