https://www.taxtmi.com/caselaws?id=44544 Withdrawal of an excise exemption can make duty payable on excisable goods still lying in stock and not yet consumed in manufacture. The taxable event remains manufacture, but collection may validly be deferred to the stage of removal for administrative convenience. On that basis, cotton yarn remaining in the assessee's stock after withdrawal of the exemption was held liable to duty, while yarn already used in cotton fabrics was outside the surviving demand. en-us Tue, 17 Jan 1995 00:00:00 +0530 Sat, 26 Jun 2010 18:39:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44544 Withdrawal of an excise exemption can make duty payable on excisable goods still lying in stock and not yet consumed in manufacture. The taxable event remains manufacture, but collection may validly be deferred to the stage of removal for administrative convenience. On that basis, cotton yarn remaining in the assessee's stock after withdrawal of the exemption was held liable to duty, while yarn already used in cotton fabrics was outside the surviving demand. Case-Laws Central Excise Tue, 17 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44544