https://www.taxtmi.com/caselaws?id=72800 An intermediate phenol formaldehyde product at the A-stage, technically described as resol, was treated as excisable goods under Tariff Item 15A(1) because it had reached a definite and identifiable stage of manufacture with a recognised chemical identity and specific use in laminates. Captive consumption, absence of actual sale, and the fact that the product could undergo further polymerisation did not negate its separate existence as goods. The Tribunal also stated that marketability is not essential where the product answers the tariff description, and that short shelf life or non-entry into the market does not by itself defeat duty liability. en-us Fri, 23 Jan 1987 00:00:00 +0530 Wed, 25 May 2011 11:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72800 An intermediate phenol formaldehyde product at the A-stage, technically described as resol, was treated as excisable goods under Tariff Item 15A(1) because it had reached a definite and identifiable stage of manufacture with a recognised chemical identity and specific use in laminates. Captive consumption, absence of actual sale, and the fact that the product could undergo further polymerisation did not negate its separate existence as goods. The Tribunal also stated that marketability is not essential where the product answers the tariff description, and that short shelf life or non-entry into the market does not by itself defeat duty liability. Case-Laws Central Excise Fri, 23 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72800