Slitting of HR/CR coils of Iron & Steel Sheets into strips would not amount to manufacture
Board had in circular No. 584/21/2001-CX dated 7.9.2001, clarified that cutting of HR/CR coils of iron or non-alloy steel into sheets or slitting into strips of lesser width; or slitting of sheets into strips will amount to manufacture if the resultant product is classifiable under different sub-heading of the Central Excise Tariff. This circular was quashed by the Delhi High Court and the departmental was dismissed by the Supreme Court. So now the Board has withdrawn the 2001 circular.
See CBEC CIRCULAR NO 811/6/2005-CX, Dated: March 2, 2005