https://www.taxtmi.com/caselaws?id=46484 Excise duty on single ply yarn arose at the stage of its manufacture, because the subsequent doubling or multi-folding in a continuous captive process did not create a new product for duty purposes. Captive consumption and the absence of immediate clearance did not defer liability, as the taxable event remained the manufacture of the single ply yarn itself. Prior decisions on the same issue were treated as controlling, and the later authority cited by the assessee was found consistent with that settled position. The appeals therefore failed, and duty liability at the first manufacturing stage was upheld. en-us Fri, 31 Jan 2003 00:00:00 +0530 Fri, 10 Apr 2020 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46484 Excise duty on single ply yarn arose at the stage of its manufacture, because the subsequent doubling or multi-folding in a continuous captive process did not create a new product for duty purposes. Captive consumption and the absence of immediate clearance did not defer liability, as the taxable event remained the manufacture of the single ply yarn itself. Prior decisions on the same issue were treated as controlling, and the later authority cited by the assessee was found consistent with that settled position. The appeals therefore failed, and duty liability at the first manufacturing stage was upheld. Case-Laws Central Excise Fri, 31 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46484