https://www.taxtmi.com/caselaws?id=86526 Intermediate goods at the semi-wet stage were not chargeable to central excise duty because marketability is a condition precedent to exigibility and the burden rests on the Revenue to prove that the goods are capable of being bought and sold in the market. Here, the department produced no evidence of marketability, while the assessee filed an affidavit stating the product was not marketable at that stage. On that footing, the product was treated as not excisable and the demand and penalty could not survive. en-us Fri, 13 Dec 1996 00:00:00 +0530 Thu, 25 Aug 2011 14:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86526 Intermediate goods at the semi-wet stage were not chargeable to central excise duty because marketability is a condition precedent to exigibility and the burden rests on the Revenue to prove that the goods are capable of being bought and sold in the market. Here, the department produced no evidence of marketability, while the assessee filed an affidavit stating the product was not marketable at that stage. On that footing, the product was treated as not excisable and the demand and penalty could not survive. Case-Laws Central Excise Fri, 13 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86526