https://www.taxtmi.com/caselaws?id=85974 Manufacturing residue is liable to Central Excise only if it constitutes marketable goods in commercial parlance; waste liquor I and waste liquor II arising from caprolactum manufacture were held not to be excisable because they had only stray sales and were not goods for duty. The extended limitation period also could not be invoked because the record showed prior disclosure of their generation, combustion and use, so wilful suppression or misstatement was not established. The duty demand and penalty were therefore set aside. en-us Wed, 22 Nov 1995 00:00:00 +0530 Tue, 09 Aug 2011 13:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85974 Manufacturing residue is liable to Central Excise only if it constitutes marketable goods in commercial parlance; waste liquor I and waste liquor II arising from caprolactum manufacture were held not to be excisable because they had only stray sales and were not goods for duty. The extended limitation period also could not be invoked because the record showed prior disclosure of their generation, combustion and use, so wilful suppression or misstatement was not established. The duty demand and penalty were therefore set aside. Case-Laws Central Excise Wed, 22 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85974