Economics · Economy
Given below are two statements regarding Central Excise Law: Assertion (A): Manufacture involves the transformation of raw materials resulting in a new article with a distinct name, character, or use. Reason (R): Processes like labeling or repacking specified goods are treated as 'deemed manufacture' under statutory provisions. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true
- 2A is true but R is false
- 3Both A and R are true but R is not the correct explanation of A✓
- 4Both A and R are true and R is the correct explanation of A
Correct answer
Both A and R are true but R is not the correct explanation of A
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