2005 (2) TMI 628

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..... [Order per : V.K. Jain, Member (T)]. Heard Shri B.N. Chattopadhyay, Consultant on the Stay Application filed by the appellant. The Consultant submits that duty involved in this appeal is Rs. 8.97 lakhs and the penalty imposed is Rs. 25,000.00. The issue involved is whether conversion of the sheets by cutting/slitting of HR/CR coils is manufactured or otherwise. The Consultant draws our at .....

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..... that the Court have placed on the phrase on which the appropriate amount of duty has already been paid , if there are circulars which have been issued by the Central Board of Excise and Customs which place a different interpretation upon the said phrase, that interpretation will be binding upon the Revenue - Section 37B of Central Excise Act, 1944 . He also points out that the Appellate Commis .....

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..... the Commissioner (Appeals) and the lower authority in his order. 3. We have heard both the sides. We find that Board s Circulars are binding on the Departmental Authorities as held by the Supreme Court in the case referred to above. We also find that Board has clarified in the Circular referred to above that slitting of HR/CR coils of iron and steel sheets into strips amounts to manufacture. We .....

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