https://www.taxtmi.com/caselaws?id=87933 Carded gilled slivers of wool emerging at an intermediate stage of manufacture were held not to be excisable because marketability is an essential ingredient of excisability. The Tribunal applied the settled test that mere inclusion of an item in the tariff schedule does not by itself make it dutiable; the article must be a marketable commodity known in the market as goods. As the disputed intermediate product was found incapable of being marketed, it did not acquire the character of excisable goods, and the finding of classification and duty liability was set aside in favour of the assessee. en-us Wed, 07 Jan 1998 00:00:00 +0530 Tue, 13 Sep 2011 18:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87933 Carded gilled slivers of wool emerging at an intermediate stage of manufacture were held not to be excisable because marketability is an essential ingredient of excisability. The Tribunal applied the settled test that mere inclusion of an item in the tariff schedule does not by itself make it dutiable; the article must be a marketable commodity known in the market as goods. As the disputed intermediate product was found incapable of being marketed, it did not acquire the character of excisable goods, and the finding of classification and duty liability was set aside in favour of the assessee. Case-Laws Central Excise Wed, 07 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87933