https://www.taxtmi.com/caselaws?id=49963 Conversion of double paper covered wire into coils did not create a new marketable commodity, so the winding process did not amount to manufacture of excisable goods and no fresh excise duty was payable on the coils. The Tribunal noted that a coil is not a separate commodity in excise law, although any duty adjustment linked to Modvat credit on the original wire could still survive if applicable. As the underlying duty demand failed, there was no basis for imposing penalty, and the penalty was set aside. en-us Thu, 14 Sep 2000 00:00:00 +0530 Wed, 18 Aug 2010 17:28:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49963 Conversion of double paper covered wire into coils did not create a new marketable commodity, so the winding process did not amount to manufacture of excisable goods and no fresh excise duty was payable on the coils. The Tribunal noted that a coil is not a separate commodity in excise law, although any duty adjustment linked to Modvat credit on the original wire could still survive if applicable. As the underlying duty demand failed, there was no basis for imposing penalty, and the penalty was set aside. Case-Laws Central Excise Thu, 14 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49963