https://www.taxtmi.com/caselaws?id=43196 The Court dismissed the petition challenging the encashment of bank guarantees by the respondent, affirming their authority to recover dues in line with Supreme Court directions. The petitioners' argument against the interpretation of 'manufacture' under the Central Excise Act, 1944 was rejected, and the Court upheld the validity of the bank guarantees' encashment based on the Supreme Court judgment. The Court emphasized compliance with the Supreme Court's directives, allowing for recovery of dues and encashment of bank guarantees within the specified timeframe under Section 11A of the Act. en-us Thu, 30 Mar 1989 00:00:00 +0530 Wed, 16 Jun 2010 17:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43196 The Court dismissed the petition challenging the encashment of bank guarantees by the respondent, affirming their authority to recover dues in line with Supreme Court directions. The petitioners' argument against the interpretation of 'manufacture' under the Central Excise Act, 1944 was rejected, and the Court upheld the validity of the bank guarantees' encashment based on the Supreme Court judgment. The Court emphasized compliance with the Supreme Court's directives, allowing for recovery of dues and encashment of bank guarantees within the specified timeframe under Section 11A of the Act. Case-Laws Central Excise Thu, 30 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43196