https://www.taxtmi.com/caselaws?id=208671 Marketability for excise purposes must be assessed against the intermediate product itself, not assumed from the saleability of the finished goods. In this dispute over duty on captively consumed sugar syrup used in exempt biscuits, the authorities erred by treating the marketability of biscuits as sufficient proof that the syrup was marketable. The record did not contain a proper factual inquiry into whether the syrup, as manufactured, was capable of being bought and sold or was known in the market as goods. The demand order was set aside and the matter was remanded for fresh determination on marketability. en-us Mon, 23 Aug 2010 00:00:00 +0530 Thu, 28 May 2015 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208671 Marketability for excise purposes must be assessed against the intermediate product itself, not assumed from the saleability of the finished goods. In this dispute over duty on captively consumed sugar syrup used in exempt biscuits, the authorities erred by treating the marketability of biscuits as sufficient proof that the syrup was marketable. The record did not contain a proper factual inquiry into whether the syrup, as manufactured, was capable of being bought and sold or was known in the market as goods. The demand order was set aside and the matter was remanded for fresh determination on marketability. Case-Laws Central Excise Mon, 23 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208671