https://www.taxtmi.com/caselaws?id=85000 The appellant's eligibility to claim Modvat credit on capital goods imported for manufacturing cotton yarn was contested, specifically regarding the marketability of carded/combed cotton known as sliver as an intermediate product liable to excise duty. Citing a Bombay High Court case, the appellant argued that non-marketable intermediate products are not excisable, despite being listed in the Tariff. The Tribunal referred to previous decisions and emphasized the importance of marketability in determining excisability. Consequently, the matter was remanded to assess the marketability of the intermediate product, carded/combed cotton, for further consideration. en-us Mon, 16 Oct 1995 00:00:00 +0530 Tue, 02 Aug 2011 11:07:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85000 The appellant's eligibility to claim Modvat credit on capital goods imported for manufacturing cotton yarn was contested, specifically regarding the marketability of carded/combed cotton known as sliver as an intermediate product liable to excise duty. Citing a Bombay High Court case, the appellant argued that non-marketable intermediate products are not excisable, despite being listed in the Tariff. The Tribunal referred to previous decisions and emphasized the importance of marketability in determining excisability. Consequently, the matter was remanded to assess the marketability of the intermediate product, carded/combed cotton, for further consideration. Case-Laws Central Excise Mon, 16 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85000