https://www.taxtmi.com/caselaws?id=85170 Intermediate synthetic resins used captively in laminated sheet manufacture were held not to be excisable goods because marketability is a necessary condition for excise duty. Although phenol formaldehyde and melamine formaldehyde may fall within the tariff wording, the resin was found to be unstable and non-marketable, and that factual position was not rebutted. The tariff entry alone was therefore insufficient to attract duty. The products were not classifiable under Tariff Item 15A(1), and the issue was decided in favour of the assessee. en-us Mon, 07 Aug 1995 00:00:00 +0530 Wed, 03 Aug 2011 11:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85170 Intermediate synthetic resins used captively in laminated sheet manufacture were held not to be excisable goods because marketability is a necessary condition for excise duty. Although phenol formaldehyde and melamine formaldehyde may fall within the tariff wording, the resin was found to be unstable and non-marketable, and that factual position was not rebutted. The tariff entry alone was therefore insufficient to attract duty. The products were not classifiable under Tariff Item 15A(1), and the issue was decided in favour of the assessee. Case-Laws Central Excise Mon, 07 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85170