https://www.taxtmi.com/caselaws?id=99744 The Tribunal ruled in favor of the Revenue regarding the marketability of wire rods used in the manufacture of aluminum wires, finding the appellants' arguments insufficient to prove incapability of marketing the product. The limitation defense raised by the appellants was deemed inadequate due to lack of supporting evidence and failure to maintain necessary records. Considering the appellants' financial position, the Tribunal directed them to deposit a specified amount towards duty within a set timeframe, taking into account their profitability in the latest financial year. Penalties on certain directors were waived in the judgment, which provided a detailed analysis of each issue raised. en-us Mon, 15 May 2000 00:00:00 +0530 Mon, 30 Jan 2012 10:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99744 The Tribunal ruled in favor of the Revenue regarding the marketability of wire rods used in the manufacture of aluminum wires, finding the appellants' arguments insufficient to prove incapability of marketing the product. The limitation defense raised by the appellants was deemed inadequate due to lack of supporting evidence and failure to maintain necessary records. Considering the appellants' financial position, the Tribunal directed them to deposit a specified amount towards duty within a set timeframe, taking into account their profitability in the latest financial year. Penalties on certain directors were waived in the judgment, which provided a detailed analysis of each issue raised. Case-Laws Central Excise Mon, 15 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99744