https://www.taxtmi.com/caselaws?id=85665 Urea formaldehyde resin and phenol formaldehyde resin manufactured as intermediate products and captively consumed within the factory were not marketable and therefore did not qualify as excisable goods. Applying the established reasoning from earlier matters involving the same assessee, captive consumption did not create duty liability where marketability was absent. The intermediate resins were consequently non-excisable and not dutiable, resulting in the impugned orders being set aside. en-us Fri, 21 Jun 1996 00:00:00 +0530 Sat, 06 Aug 2011 13:57:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85665 Urea formaldehyde resin and phenol formaldehyde resin manufactured as intermediate products and captively consumed within the factory were not marketable and therefore did not qualify as excisable goods. Applying the established reasoning from earlier matters involving the same assessee, captive consumption did not create duty liability where marketability was absent. The intermediate resins were consequently non-excisable and not dutiable, resulting in the impugned orders being set aside. Case-Laws Central Excise Fri, 21 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85665