https://www.taxtmi.com/caselaws?id=98270 A product is excisable only if it is marketable; on that principle, molten iron maintained for further use was held not marketable and therefore not excisable. Captive use of pig iron in the manufacture of machinery parts for repairs and maintenance was treated as eligible for exemption under Notification No. 281/87-C.E., even though intermediate castings and forgings arose in the process. For uncoated non-alloy steel plates used to make splashed plates and then steel ingots, the Tribunal found additional factual material required fresh examination and remanded the matter for de novo decision by the adjudicating authority. en-us Wed, 24 May 2000 00:00:00 +0530 Thu, 19 Jan 2012 18:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98270 A product is excisable only if it is marketable; on that principle, molten iron maintained for further use was held not marketable and therefore not excisable. Captive use of pig iron in the manufacture of machinery parts for repairs and maintenance was treated as eligible for exemption under Notification No. 281/87-C.E., even though intermediate castings and forgings arose in the process. For uncoated non-alloy steel plates used to make splashed plates and then steel ingots, the Tribunal found additional factual material required fresh examination and remanded the matter for de novo decision by the adjudicating authority. Case-Laws Central Excise Wed, 24 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98270