https://www.taxtmi.com/caselaws?id=76199 Spent solvents cleared as industrial waste were treated as non-excisable because they had lost utility in the manufacture of bulk drugs and had to be disposed of as hazardous waste. The Tribunal followed earlier decisions involving the same assessee and similarly placed assessees, and later decisions holding that marketability and excisability do not survive once the solvent is no longer fit for use. As excisability is a prerequisite to central excise duty, the duty demand and consequential penalty could not be sustained. The Revenue's appeals were rejected. en-us Thu, 19 Mar 2009 00:00:00 +0530 Tue, 15 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76199 Spent solvents cleared as industrial waste were treated as non-excisable because they had lost utility in the manufacture of bulk drugs and had to be disposed of as hazardous waste. The Tribunal followed earlier decisions involving the same assessee and similarly placed assessees, and later decisions holding that marketability and excisability do not survive once the solvent is no longer fit for use. As excisability is a prerequisite to central excise duty, the duty demand and consequential penalty could not be sustained. The Revenue's appeals were rejected. Case-Laws Central Excise Thu, 19 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76199