https://www.taxtmi.com/caselaws?id=769778 A newly introduced Additional Excise Duty on aerated waters could not be levied on finished goods manufactured and already lying in stock before the levy came into force. The applicable principle is that, in excise law, the taxable event is manufacture or production, while removal is only the stage of collection. Because the goods had come into existence before the new duty took effect, the demand on pre-levy stock was unsustainable. Internal departmental instructions and board clarifications were consistent with that position, and the demand was set aside in favour of the assessee. en-us Wed, 11 Dec 2024 00:00:00 +0530 Fri, 02 May 2025 08:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769778 A newly introduced Additional Excise Duty on aerated waters could not be levied on finished goods manufactured and already lying in stock before the levy came into force. The applicable principle is that, in excise law, the taxable event is manufacture or production, while removal is only the stage of collection. Because the goods had come into existence before the new duty took effect, the demand on pre-levy stock was unsustainable. Internal departmental instructions and board clarifications were consistent with that position, and the demand was set aside in favour of the assessee. Case-Laws Central Excise Wed, 11 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769778