https://www.taxtmi.com/caselaws?id=241625 Chemical preparations made in situ and captively consumed in cinematographic film processing were not proved to be marketable goods known to the market, so excise duty under Chapter 3707 could not be sustained. The Revenue failed to discharge the burden of proving marketability, and the Tribunal noted that the remand direction to decide that issue independently had not been properly followed. Silver residue arising during film processing was treated as waste of precious metal outside Chapter 26 and referable to Chapter 71, where it was exempt during the relevant period. The duty demands, interest, and penalties therefore did not survive. en-us Tue, 12 Nov 2013 00:00:00 +0530 Wed, 23 Apr 2014 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241625 Chemical preparations made in situ and captively consumed in cinematographic film processing were not proved to be marketable goods known to the market, so excise duty under Chapter 3707 could not be sustained. The Revenue failed to discharge the burden of proving marketability, and the Tribunal noted that the remand direction to decide that issue independently had not been properly followed. Silver residue arising during film processing was treated as waste of precious metal outside Chapter 26 and referable to Chapter 71, where it was exempt during the relevant period. The duty demands, interest, and penalties therefore did not survive. Case-Laws Central Excise Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241625