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of <h1>Revenue's Appeal Dismissed: Loose Stock Not Fully Manufactured, Duty Not Payable</h1> <h3>COMMISSIONER OF C. EX., MUMBAI-V Versus CHANDRALOK FABRICS</h3> The appeal filed by Revenue challenging duty liability on loose stock of finished fabrics was dismissed. The respondents had declared a certain quantity ... Compounded Levy Scheme - Demand The respondents declared 28,597.50 metres of finished fabrics (verified by Central Excise) and separately showed loose stock of 4,669,548.24 metres as lying in the finishing room, allegedly 'in water or meant for dyeing' and therefore not in marketable condition. A show cause notice demanded duty on the loose stock; the original demand was confirmed but the Commissioner (Appeals) set it aside, noting the goods were shown in the RG-1 register in the finishing room and thus 'cannot be considered a fully manufactured' product. Revenue's appeal-arguing loose condition does not preclude the goods being fully manufactured and asserting BSR classification-failed because no evidence was produced to show the loose quantity was in BSR or that the goods were finished. Held: loose stock awaiting processing is not fully manufactured and was not liable to duty; Revenue's appeal dismissed.
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