https://www.taxtmi.com/caselaws?id=99262 Molten iron used captively in manufacturing ingot moulds, bottom steels and similar products was treated as not marketable and therefore not liable to central excise duty. The specific tariff entry for molten iron did not displace the basic excise requirement that goods must be marketable before duty can be levied. Relying on earlier Tribunal decisions, the demand was held unsustainable because the molten iron was used in-house at high temperature and lacked marketability. The duty demand was set aside and the assessee's appeal was allowed. en-us Tue, 07 Nov 2000 00:00:00 +0530 Wed, 25 Jan 2012 17:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99262 Molten iron used captively in manufacturing ingot moulds, bottom steels and similar products was treated as not marketable and therefore not liable to central excise duty. The specific tariff entry for molten iron did not displace the basic excise requirement that goods must be marketable before duty can be levied. Relying on earlier Tribunal decisions, the demand was held unsustainable because the molten iron was used in-house at high temperature and lacked marketability. The duty demand was set aside and the assessee's appeal was allowed. Case-Laws Central Excise Tue, 07 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99262