https://www.taxtmi.com/caselaws?id=73663 A phenol-formaldehyde product was treated as resin because the manufacturing process had reached the A-stage of condensation and the product had adhesive properties arising from completed reaction. It was held to fall within Tariff Item 15A(1) as an artificial resin, and the presence of some water did not remove it from that entry. The product was also regarded as goods for Central Excise purposes because it had shelf life, could be stored and shipped, and was capable of being marketed; captive use did not negate excisability. The appeal was rejected and the duty demand sustained. en-us Mon, 11 Apr 1988 00:00:00 +0530 Thu, 02 Jun 2011 16:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73663 A phenol-formaldehyde product was treated as resin because the manufacturing process had reached the A-stage of condensation and the product had adhesive properties arising from completed reaction. It was held to fall within Tariff Item 15A(1) as an artificial resin, and the presence of some water did not remove it from that entry. The product was also regarded as goods for Central Excise purposes because it had shelf life, could be stored and shipped, and was capable of being marketed; captive use did not negate excisability. The appeal was rejected and the duty demand sustained. Case-Laws Central Excise Mon, 11 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73663