https://www.taxtmi.com/caselaws?id=107716 The Tribunal ruled in favor of the appellant, M/s. J.K. Synthetics, stating that recovered DMT in molten form is not excisable due to the lack of marketability. The judgment emphasized the necessity of marketability for excisability, as per Supreme Court rulings, and highlighted that the mere availability of DMT in powder form in the market does not establish marketability of DMT in molten form. Therefore, the recovered DMT in molten form does not meet the marketability test and is not subject to excise duty. en-us Fri, 23 May 2003 00:00:00 +0530 Mon, 26 Mar 2012 11:30:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107716 The Tribunal ruled in favor of the appellant, M/s. J.K. Synthetics, stating that recovered DMT in molten form is not excisable due to the lack of marketability. The judgment emphasized the necessity of marketability for excisability, as per Supreme Court rulings, and highlighted that the mere availability of DMT in powder form in the market does not establish marketability of DMT in molten form. Therefore, the recovered DMT in molten form does not meet the marketability test and is not subject to excise duty. Case-Laws Central Excise Fri, 23 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107716