https://www.taxtmi.com/caselaws?id=50180 Converting tramway coaches into self-propelled tramway coaches by installing electrical equipment was treated as manufacture because the process created a new and distinct excisable commodity; the resulting product was therefore liable to excise duty under the relevant tariff classification. However, the valuation of duty was not adequately reasoned, so quantification was set aside and remanded for fresh determination after allowing admissible Modvat credit and permissible deductions, including a speaking assessment of profit loading. Penalty and confiscation were also set aside for want of sufficient basis on the facts found. en-us Fri, 12 May 2000 00:00:00 +0530 Fri, 20 Aug 2010 12:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50180 Converting tramway coaches into self-propelled tramway coaches by installing electrical equipment was treated as manufacture because the process created a new and distinct excisable commodity; the resulting product was therefore liable to excise duty under the relevant tariff classification. However, the valuation of duty was not adequately reasoned, so quantification was set aside and remanded for fresh determination after allowing admissible Modvat credit and permissible deductions, including a speaking assessment of profit loading. Penalty and confiscation were also set aside for want of sufficient basis on the facts found. Case-Laws Central Excise Fri, 12 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50180