https://www.taxtmi.com/caselaws?id=85008 Waste liquor I and waste liquor II generated as by-products in caprolactum manufacture were held not to be excisable, because they were in substance waste or refuse and occasional sales did not establish the essential element of marketability. The central excise duty demand therefore could not be sustained. On limitation, the extended period was unavailable because the relevant facts about generation and combustion of the waste liquors had already been disclosed to the department, so suppression or wilful misstatement was not proved. The duty demand and penalty were accordingly set aside in favour of the assessee. en-us Wed, 22 Nov 1995 00:00:00 +0530 Tue, 02 Aug 2011 11:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85008 Waste liquor I and waste liquor II generated as by-products in caprolactum manufacture were held not to be excisable, because they were in substance waste or refuse and occasional sales did not establish the essential element of marketability. The central excise duty demand therefore could not be sustained. On limitation, the extended period was unavailable because the relevant facts about generation and combustion of the waste liquors had already been disclosed to the department, so suppression or wilful misstatement was not proved. The duty demand and penalty were accordingly set aside in favour of the assessee. Case-Laws Central Excise Wed, 22 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85008