https://www.taxtmi.com/caselaws?id=106783 Marketability is a condition precedent to excisability of captively consumed intermediate goods. Rubberised bead wire rings used in manufacturing animal-drawn vehicle and hand-cart tyres had a very short shelf life and were intended for use within hours of manufacture. The Revenue did not establish that these rings were actually marketed, could reach the market, or were identical to similar products relied upon for comparison. Payment of duty by another manufacturer on a similar item did not prove marketability. Consequently, the rings were not excisable, and the duty demand and penalty could not be sustained. en-us Fri, 08 Nov 2002 00:00:00 +0530 Thu, 15 Mar 2012 16:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106783 Marketability is a condition precedent to excisability of captively consumed intermediate goods. Rubberised bead wire rings used in manufacturing animal-drawn vehicle and hand-cart tyres had a very short shelf life and were intended for use within hours of manufacture. The Revenue did not establish that these rings were actually marketed, could reach the market, or were identical to similar products relied upon for comparison. Payment of duty by another manufacturer on a similar item did not prove marketability. Consequently, the rings were not excisable, and the duty demand and penalty could not be sustained. Case-Laws Central Excise Fri, 08 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106783