https://www.taxtmi.com/caselaws?id=47194 Conversion of LDPE and HDPE granules into moulding powder is treated as manufacture under Section 2(f) and Note 6(b) to Chapter 39 because conversion from one primary form to another is deemed manufacture; the moulding powder was also found marketable on the basis of actual market purchases. The extended period of limitation could not be invoked for the notice dated 4-11-1997 because the assessee maintained Form-IV records, the records were certified by departmental officers, and the department had knowledge of the activity without established suppression. Valuation of captively consumed moulding powder and limitation concerning the notice dated 1-5-1997 were remitted for fresh determination in light of the relevant circulars and amended Section 11A(1). en-us Fri, 04 Feb 2005 00:00:00 +0530 Tue, 01 Jul 2014 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47194 Conversion of LDPE and HDPE granules into moulding powder is treated as manufacture under Section 2(f) and Note 6(b) to Chapter 39 because conversion from one primary form to another is deemed manufacture; the moulding powder was also found marketable on the basis of actual market purchases. The extended period of limitation could not be invoked for the notice dated 4-11-1997 because the assessee maintained Form-IV records, the records were certified by departmental officers, and the department had knowledge of the activity without established suppression. Valuation of captively consumed moulding powder and limitation concerning the notice dated 1-5-1997 were remitted for fresh determination in light of the relevant circulars and amended Section 11A(1). Case-Laws Central Excise Fri, 04 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47194