https://www.taxtmi.com/caselaws?id=52579 The Appellate Tribunal CESTAT, New Delhi, directed M/s. Prachi Industries to deposit Rs. 15 lakhs within 8 weeks for waiver of the remaining Central Excise duty and penalty amounting to approximately Rs. 68 lakhs each. The Tribunal found that the process undertaken by the applicant resulted in a new commercial product, contrary to their argument that it did not amount to manufacture. The recovery of the deposited amount was stayed pending appeal, with a compliance reporting deadline set for 9-12-2003. en-us Tue, 30 Sep 2003 00:00:00 +0530 Wed, 06 Oct 2010 16:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52579 The Appellate Tribunal CESTAT, New Delhi, directed M/s. Prachi Industries to deposit Rs. 15 lakhs within 8 weeks for waiver of the remaining Central Excise duty and penalty amounting to approximately Rs. 68 lakhs each. The Tribunal found that the process undertaken by the applicant resulted in a new commercial product, contrary to their argument that it did not amount to manufacture. The recovery of the deposited amount was stayed pending appeal, with a compliance reporting deadline set for 9-12-2003. Case-Laws Central Excise Tue, 30 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52579