https://www.taxtmi.com/caselaws?id=89115 Chemical solutions used to impregnate paper and fabric were treated as intermediate products in the manufacture of laminated boards, but excise liability depended on marketability. On the facts found, the department failed to prove that the phenol-formaldehyde or melamine-formaldehyde solutions were capable of being marketed. As marketability is a sine qua non for excisability, an intermediate product with limited shelf life and no proven market cannot be treated as excisable goods. The solutions were therefore not liable to central excise duty, and the assessee's position was upheld. en-us Tue, 14 Jul 1998 00:00:00 +0530 Fri, 23 Sep 2011 15:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89115 Chemical solutions used to impregnate paper and fabric were treated as intermediate products in the manufacture of laminated boards, but excise liability depended on marketability. On the facts found, the department failed to prove that the phenol-formaldehyde or melamine-formaldehyde solutions were capable of being marketed. As marketability is a sine qua non for excisability, an intermediate product with limited shelf life and no proven market cannot be treated as excisable goods. The solutions were therefore not liable to central excise duty, and the assessee's position was upheld. Case-Laws Central Excise Tue, 14 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89115