https://www.taxtmi.com/caselaws?id=96329 Irregular shaped unvulcanised compounded rubber sheets were treated as falling within the tariff description of sheets under Heading 40.05, but tariff classification alone did not establish marketability or excisability, and no finding on marketability or shelf life had been recorded. The exemption under Notification No. 71/68-C.E. applied to rubber products in the form of sheets, subject to reversal of Modvat credit, so denial of the benefit was not justified. Because the underlying duty demand could not be sustained and the exemption applied, penalty under Rule 173Q(1) was also not sustainable. en-us Tue, 20 Mar 2001 00:00:00 +0530 Tue, 20 Dec 2011 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96329 Irregular shaped unvulcanised compounded rubber sheets were treated as falling within the tariff description of sheets under Heading 40.05, but tariff classification alone did not establish marketability or excisability, and no finding on marketability or shelf life had been recorded. The exemption under Notification No. 71/68-C.E. applied to rubber products in the form of sheets, subject to reversal of Modvat credit, so denial of the benefit was not justified. Because the underlying duty demand could not be sustained and the exemption applied, penalty under Rule 173Q(1) was also not sustainable. Case-Laws Central Excise Tue, 20 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96329