https://www.taxtmi.com/caselaws?id=237219 Intermediate non-woven fabric used captively in jute-backed floor coverings was treated as excisable because it was capable of being marketed, even if it was an in-process product with lesser stability than the final goods. Where duty is levied on captively consumed goods, the assessable value must be re-determined under the valuation rules and the demand must be confined to the actual quantity of jute carpets cleared. Because duty had to be reworked on correct valuation and quantity, the penalty issue also required fresh consideration after revised duty computation. en-us Thu, 22 Nov 2012 00:00:00 +0530 Sat, 21 Sep 2013 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237219 Intermediate non-woven fabric used captively in jute-backed floor coverings was treated as excisable because it was capable of being marketed, even if it was an in-process product with lesser stability than the final goods. Where duty is levied on captively consumed goods, the assessable value must be re-determined under the valuation rules and the demand must be confined to the actual quantity of jute carpets cleared. Because duty had to be reworked on correct valuation and quantity, the penalty issue also required fresh consideration after revised duty computation. Case-Laws Central Excise Thu, 22 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237219