https://www.taxtmi.com/circulars?id=6752 The question is whether intermediate-stage sugar syrup in aerated water manufacture is a marketable product liable to excise. The syrup is produced, not packed or sold, ferments quickly and cannot be preserved. Applying the marketability test, the syrup remains an in-process combination that has not reached a marketable stage; therefore it is not dutiable. The Board accepted this conclusion and instructed field formations to act accordingly. en-us Tue, 25 Jul 1989 00:00:00 +0530 Mon, 06 Jul 2009 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6752 The question is whether intermediate-stage sugar syrup in aerated water manufacture is a marketable product liable to excise. The syrup is produced, not packed or sold, ferments quickly and cannot be preserved. Applying the marketability test, the syrup remains an in-process combination that has not reached a marketable stage; therefore it is not dutiable. The Board accepted this conclusion and instructed field formations to act accordingly. Circulars Central Excise Tue, 25 Jul 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6752