https://www.taxtmi.com/caselaws?id=102931 Marketability determines whether an intermediate product is excisable: actual sale is unnecessary where the product is identifiable, has a definite use, can be isolated and has adequate shelf life. P.C. acid, though captively consumed, was treated as a well-defined organic chemical capable of marketability and therefore liable to central excise duty. Incomplete disclosure of its manufacture in the classification list, declaration and supporting write-up prevented the Department from identifying its emergence. That non-disclosure constituted suppression of material facts, permitting invocation of the extended limitation period. The duty demand and connected penalty were upheld. en-us Tue, 06 Oct 1998 00:00:00 +0530 Fri, 17 Feb 2012 10:27:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102931 Marketability determines whether an intermediate product is excisable: actual sale is unnecessary where the product is identifiable, has a definite use, can be isolated and has adequate shelf life. P.C. acid, though captively consumed, was treated as a well-defined organic chemical capable of marketability and therefore liable to central excise duty. Incomplete disclosure of its manufacture in the classification list, declaration and supporting write-up prevented the Department from identifying its emergence. That non-disclosure constituted suppression of material facts, permitting invocation of the extended limitation period. The duty demand and connected penalty were upheld. Case-Laws Central Excise Tue, 06 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102931