https://www.taxtmi.com/caselaws?id=102921 Rigid polyurethane foam is not liable to central excise duty unless it is marketable or capable of being marketed. The Tribunal followed its earlier consistent view, noting that the goods were neither marketed nor capable of being marketed, and relied on the settled line of authority on marketability. It also noted that the Supreme Court had upheld the same approach in a similar matter by dismissing the Revenue's challenge. On that basis, excisability was negatived and the Revenue's appeals failed. en-us Mon, 12 Jan 1998 00:00:00 +0530 Thu, 16 Feb 2012 18:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102921 Rigid polyurethane foam is not liable to central excise duty unless it is marketable or capable of being marketed. The Tribunal followed its earlier consistent view, noting that the goods were neither marketed nor capable of being marketed, and relied on the settled line of authority on marketability. It also noted that the Supreme Court had upheld the same approach in a similar matter by dismissing the Revenue's challenge. On that basis, excisability was negatived and the Revenue's appeals failed. Case-Laws Central Excise Mon, 12 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102921