https://www.taxtmi.com/caselaws?id=118391 LSHS used captively in a refinery for steam and electricity generation was held to be an intermediate product with specifications materially different from the saleable standard product. Because it had much higher viscosity and flash point and was unsuitable for transport or sale in that condition, it was treated as not marketable and therefore not excisable. Once the product itself was non-excisable, the duty demand based on its alleged diversion for residential use failed. The Tribunal also found no basis for invoking the extended period, and the connected penalty consequences could not be sustained. en-us Wed, 05 Apr 2006 00:00:00 +0530 Sat, 30 Jun 2012 13:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118391 LSHS used captively in a refinery for steam and electricity generation was held to be an intermediate product with specifications materially different from the saleable standard product. Because it had much higher viscosity and flash point and was unsuitable for transport or sale in that condition, it was treated as not marketable and therefore not excisable. Once the product itself was non-excisable, the duty demand based on its alleged diversion for residential use failed. The Tribunal also found no basis for invoking the extended period, and the connected penalty consequences could not be sustained. Case-Laws Central Excise Wed, 05 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118391