https://www.taxtmi.com/caselaws?id=247367 Central excise duty was held not payable on Glyoxal 20% used captively in the manufacture of exempted drug intermediates because the evidence showed the intermediate stream was unstable, deteriorated on storage, and was not marketable. The record also reflected prior intimation to the Drug Control Authorities that Glyoxal 20% was being used, and the Revenue produced no contrary investigation to support an assumption that only Glyoxal 40% was involved. The operative principle is that a captively consumed intermediate product is not dutiable unless it is shown to be marketable and capable of sale in the market. en-us Wed, 23 Apr 2014 00:00:00 +0530 Mon, 17 Nov 2014 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247367 Central excise duty was held not payable on Glyoxal 20% used captively in the manufacture of exempted drug intermediates because the evidence showed the intermediate stream was unstable, deteriorated on storage, and was not marketable. The record also reflected prior intimation to the Drug Control Authorities that Glyoxal 20% was being used, and the Revenue produced no contrary investigation to support an assumption that only Glyoxal 40% was involved. The operative principle is that a captively consumed intermediate product is not dutiable unless it is shown to be marketable and capable of sale in the market. Case-Laws Central Excise Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247367