https://www.taxtmi.com/caselaws?id=74606 An aqueous solution of phenol formaldehyde containing less than 45% solid resin was treated as an intermediary product and not as a finished synthetic resin. On that basis, and in line with the Delhi High Court view that such a liquid solution is not artificial or synthetic resin in liquid form, it was held not to answer Tariff Item 15A under the Central Excises and Salt Act, 1944. The stated ratio is that an aqueous solution with less than 45% solid resin is not classifiable as artificial or synthetic resin under Tariff Item 15A. en-us Thu, 18 Aug 1983 00:00:00 +0530 Thu, 09 Jun 2011 18:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74606 An aqueous solution of phenol formaldehyde containing less than 45% solid resin was treated as an intermediary product and not as a finished synthetic resin. On that basis, and in line with the Delhi High Court view that such a liquid solution is not artificial or synthetic resin in liquid form, it was held not to answer Tariff Item 15A under the Central Excises and Salt Act, 1944. The stated ratio is that an aqueous solution with less than 45% solid resin is not classifiable as artificial or synthetic resin under Tariff Item 15A. Case-Laws Central Excise Thu, 18 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74606