https://www.taxtmi.com/caselaws?id=88284 Unmarketable goods that never satisfied the test of marketability may be treated as waste for excise credit purposes, so denial of credit on that basis was not justified. The distinction that only goods arising after completion of manufacture can be waste was not accepted on these facts, because the items were intended to become finished excisable products but were unfit for marketing. Penalty was also held unsustainable where the record showed no mala fides, deliberate evasion, or intentional breach of procedure, and there was no material basis for penal imposition. The duty demand on the unaccounted credit item remained undisturbed. en-us Wed, 24 Dec 1997 00:00:00 +0530 Fri, 16 Sep 2011 16:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88284 Unmarketable goods that never satisfied the test of marketability may be treated as waste for excise credit purposes, so denial of credit on that basis was not justified. The distinction that only goods arising after completion of manufacture can be waste was not accepted on these facts, because the items were intended to become finished excisable products but were unfit for marketing. Penalty was also held unsustainable where the record showed no mala fides, deliberate evasion, or intentional breach of procedure, and there was no material basis for penal imposition. The duty demand on the unaccounted credit item remained undisturbed. Case-Laws Central Excise Wed, 24 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88284