https://www.taxtmi.com/caselaws?id=83906 Molten iron was not shown to be marketable in the form in which it emerged from the process, so it was not established as excisable goods under central excise law. The tariff entry alone was insufficient where the very existence of the product as goods in that condition was disputed, and the Revenue led no evidence that it was bought and sold or known in trade as merchandise. As marketability is an essential ingredient for excise duty, the duty demand failed. en-us Mon, 16 Jan 1995 00:00:00 +0530 Mon, 18 Jul 2011 16:00:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83906 Molten iron was not shown to be marketable in the form in which it emerged from the process, so it was not established as excisable goods under central excise law. The tariff entry alone was insufficient where the very existence of the product as goods in that condition was disputed, and the Revenue led no evidence that it was bought and sold or known in trade as merchandise. As marketability is an essential ingredient for excise duty, the duty demand failed. Case-Laws Central Excise Mon, 16 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83906