https://www.taxtmi.com/caselaws?id=98365 Marketability is the touchstone for central excise duty: goods are liable only if they are capable of being bought and sold in the market. The note explains that untrimmed copper sheets and circles were treated as marketable because the record showed they were in fact being sold, so capability of sale was established. It further states that mere captive consumption does not, by itself, negate marketability. The earlier Lohia Sheet Products ruling was distinguished on the ground that it turned on the absence of evidence of marketability. en-us Mon, 09 Oct 2000 00:00:00 +0530 Fri, 20 Jan 2012 12:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98365 Marketability is the touchstone for central excise duty: goods are liable only if they are capable of being bought and sold in the market. The note explains that untrimmed copper sheets and circles were treated as marketable because the record showed they were in fact being sold, so capability of sale was established. It further states that mere captive consumption does not, by itself, negate marketability. The earlier Lohia Sheet Products ruling was distinguished on the ground that it turned on the absence of evidence of marketability. Case-Laws Central Excise Mon, 09 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98365