https://www.taxtmi.com/caselaws?id=102877 Synthetic resins used as an intermediate product in the manufacture of plastic laminated sheets were treated as not excisable where their short shelf-life and unstable nature meant marketability was not proved. The analysis applied the principle that marketability is an essential ingredient of excisability and noted that the Department failed to show the resins were stable or saleable in the market. On that basis, the resins were not regarded as marketable excisable goods and were held not liable to duty under Tariff Item 15A(i); the appeal was rejected. en-us Fri, 14 Sep 1990 00:00:00 +0530 Thu, 16 Feb 2012 16:34:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102877 Synthetic resins used as an intermediate product in the manufacture of plastic laminated sheets were treated as not excisable where their short shelf-life and unstable nature meant marketability was not proved. The analysis applied the principle that marketability is an essential ingredient of excisability and noted that the Department failed to show the resins were stable or saleable in the market. On that basis, the resins were not regarded as marketable excisable goods and were held not liable to duty under Tariff Item 15A(i); the appeal was rejected. Case-Laws Central Excise Fri, 14 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102877