Process of converting semi finished bags into laminated HDPE bags amounts to manufacture and hence, deduction can be availed u/s 80IA:

The process of converting “Semi finished bags” into “Laminated HDPE bags” amounts to “Manufacture” since both the products are entirely distinct, have different identity, have different utilities and both fetch different prices in the market. The assessee’s unit, being engaged in an activity of manufacture, falls within the ambit of “Industrial Undertaking” as defined u/s 80IA(12)(b) and is therefore eligible for deduction u/s 80IA of the Act.

[JHAVERI COATERS (P.) LTD. - TAX APPEAL No.96 of 2000 - GHC &

 JHAVERI COATERS (P.) LTD. - TAX APPEAL No.98 of 2000 - GHC]