https://www.taxtmi.com/caselaws?id=86614 Compounded rubber falling under Heading 40.05 and captively used in the factory to manufacture goods classified under Chapter 40 qualifies for excise exemption under Notification No. 152/87-C.E. Rubber plates, sheets and strips falling under Heading 40.05 are separately exempt under Notification No. 71/68-C.E., subject to its conditions. Intermediate rubber sheets and strips retain their Chapter 40 classification despite their subsequent use in footwear manufacture. Marketability of compounded rubber need not be determined where exemption follows from the construction of the notifications. en-us Wed, 05 Mar 1997 00:00:00 +0530 Thu, 25 Aug 2011 18:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86614 Compounded rubber falling under Heading 40.05 and captively used in the factory to manufacture goods classified under Chapter 40 qualifies for excise exemption under Notification No. 152/87-C.E. Rubber plates, sheets and strips falling under Heading 40.05 are separately exempt under Notification No. 71/68-C.E., subject to its conditions. Intermediate rubber sheets and strips retain their Chapter 40 classification despite their subsequent use in footwear manufacture. Marketability of compounded rubber need not be determined where exemption follows from the construction of the notifications. Case-Laws Central Excise Wed, 05 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86614