https://www.taxtmi.com/caselaws?id=766399 CESTAT New Delhi held that affixing MRP on imported electrical appliances covered under Third Schedule constitutes manufacture under Section 2(f)(iii), making goods liable for excise duty. The appellant was entitled to CENVAT credit on customs duty paid during import, following Delhi HC precedent in Global Ceramics case. Seizure and confiscation of goods was deemed unjustified as proper records were maintained. Extended limitation period was not applicable due to absence of willful suppression or misstatement of facts. While excise duty and interest were confirmed for normal period (March 2015 to October 2016), penalties under Rule 25 and Rule 26 were set aside. Matter remanded for duty computation and CENVAT credit determination. en-us Tue, 18 Feb 2025 00:00:00 +0530 Sat, 22 Feb 2025 13:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766399 CESTAT New Delhi held that affixing MRP on imported electrical appliances covered under Third Schedule constitutes manufacture under Section 2(f)(iii), making goods liable for excise duty. The appellant was entitled to CENVAT credit on customs duty paid during import, following Delhi HC precedent in Global Ceramics case. Seizure and confiscation of goods was deemed unjustified as proper records were maintained. Extended limitation period was not applicable due to absence of willful suppression or misstatement of facts. While excise duty and interest were confirmed for normal period (March 2015 to October 2016), penalties under Rule 25 and Rule 26 were set aside. Matter remanded for duty computation and CENVAT credit determination. Case-Laws Central Excise Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766399