https://www.taxtmi.com/caselaws?id=84429 Liquid oxygen explosives were treated as excisable goods falling under Chapter Heading 36.01 because the product emerged as a distinct commodity with a specific name, character and use and was known and traded in the market. The plea that the blasting process had no shelf life or that ultimate use was at site did not defeat excisability. The finding of suppression for invoking the extended limitation period was set aside in light of duty payment on clearances and uncertainty on classification and exemption, and that issue was remanded. The Modvat credit claim was also remanded for de novo consideration. en-us Wed, 02 Aug 1995 00:00:00 +0530 Thu, 21 Jul 2011 18:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84429 Liquid oxygen explosives were treated as excisable goods falling under Chapter Heading 36.01 because the product emerged as a distinct commodity with a specific name, character and use and was known and traded in the market. The plea that the blasting process had no shelf life or that ultimate use was at site did not defeat excisability. The finding of suppression for invoking the extended limitation period was set aside in light of duty payment on clearances and uncertainty on classification and exemption, and that issue was remanded. The Modvat credit claim was also remanded for de novo consideration. Case-Laws Central Excise Wed, 02 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84429