https://www.taxtmi.com/caselaws?id=92180 Spent sulphuric acid generated during manufacture of acid slurry was treated as excisable goods because it had marketable characteristics and the Tribunal followed the Larger Bench view on levy. It was also classified under Chapter Heading 28.07 on the same settled tariff approach. On Modvat credit, the Tribunal held that clearance of the spent sulphuric acid on payment of duty did not require reversal of credit already taken on inputs used in its manufacture. The appeal therefore failed on all substantive issues, confirming duty liability, tariff classification, and retention of Modvat credit. en-us Thu, 12 Aug 1999 00:00:00 +0530 Tue, 25 Oct 2011 13:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92180 Spent sulphuric acid generated during manufacture of acid slurry was treated as excisable goods because it had marketable characteristics and the Tribunal followed the Larger Bench view on levy. It was also classified under Chapter Heading 28.07 on the same settled tariff approach. On Modvat credit, the Tribunal held that clearance of the spent sulphuric acid on payment of duty did not require reversal of credit already taken on inputs used in its manufacture. The appeal therefore failed on all substantive issues, confirming duty liability, tariff classification, and retention of Modvat credit. Case-Laws Central Excise Thu, 12 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92180