https://www.taxtmi.com/caselaws?id=87712 Phenol formaldehyde solution used captively as an intermediate in the manufacture of laminated sheets was held not to be marketable goods and therefore not excisable. The Tribunal applied the principle that non-marketable materials are not liable to duty and followed its earlier order in the same assessee's case on the same product. Because the product failed the marketability test, the alternative claim under Notification No. 201/79 did not require separate examination. The departmental appeal was rejected and the Collector (Appeals) order was affirmed. en-us Tue, 06 Jan 1998 00:00:00 +0530 Thu, 08 Sep 2011 17:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87712 Phenol formaldehyde solution used captively as an intermediate in the manufacture of laminated sheets was held not to be marketable goods and therefore not excisable. The Tribunal applied the principle that non-marketable materials are not liable to duty and followed its earlier order in the same assessee's case on the same product. Because the product failed the marketability test, the alternative claim under Notification No. 201/79 did not require separate examination. The departmental appeal was rejected and the Collector (Appeals) order was affirmed. Case-Laws Central Excise Tue, 06 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87712