https://www.taxtmi.com/caselaws?id=50701 Split air-conditioners assembled from condensing units, cooling units and accessories at the assessee's premises were treated as complete goods under Rule 2(a) because the assembled product acquired the essential character of the finished article before clearance, attracting central excise duty. Non-disclosure of the manufacture and clearance supported invocation of the extended limitation period for suppression. Penalties under Section 11AC and Rule 209A were not sustained because the demand pre-dated Section 11AC and the order lacked reasons for the individual penalties. Modvat credit on duty-paid inputs was to be examined on supporting documents, and sale price was to be treated as cum-duty price for recomputation. en-us Tue, 01 May 2001 00:00:00 +0530 Wed, 25 Aug 2010 14:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50701 Split air-conditioners assembled from condensing units, cooling units and accessories at the assessee's premises were treated as complete goods under Rule 2(a) because the assembled product acquired the essential character of the finished article before clearance, attracting central excise duty. Non-disclosure of the manufacture and clearance supported invocation of the extended limitation period for suppression. Penalties under Section 11AC and Rule 209A were not sustained because the demand pre-dated Section 11AC and the order lacked reasons for the individual penalties. Modvat credit on duty-paid inputs was to be examined on supporting documents, and sale price was to be treated as cum-duty price for recomputation. Case-Laws Central Excise Tue, 01 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50701