https://www.taxtmi.com/caselaws?id=90100 Marketability of carb-liquor was established by evidence of an actual sale, approval of the price list, and correspondence showing an intention to sell, so the product was held marketable and excisable under the Central Excise Tariff. The demand was held time barred because the department already knew of manufacture and captive consumption from earlier correspondence, the RG 1 register, and RT-12 returns, leaving no basis for alleging suppression or misstatement to invoke the extended limitation period. Once limitation failed, the personal penalty was also set aside. en-us Wed, 20 May 1998 00:00:00 +0530 Mon, 03 Oct 2011 14:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90100 Marketability of carb-liquor was established by evidence of an actual sale, approval of the price list, and correspondence showing an intention to sell, so the product was held marketable and excisable under the Central Excise Tariff. The demand was held time barred because the department already knew of manufacture and captive consumption from earlier correspondence, the RG 1 register, and RT-12 returns, leaving no basis for alleging suppression or misstatement to invoke the extended limitation period. Once limitation failed, the personal penalty was also set aside. Case-Laws Central Excise Wed, 20 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90100