https://www.taxtmi.com/forum/issue?id=107194 Issue: whether empty barrels purchased from another entity are excisable after a 2008 Explanation deeming certain goods marketable. Respondents rely on Supreme Court precedent exempting drums/barrels cleared from factory and apply the two-component excise test: goods must be manufactured and marketable. Because the assessee does not manufacture the barrels, the manufacture requirement is unmet and excise duty is not payable; no post-2008 judgment on point was located and the 2003 departmental circular remains in force. en-us Tue, 19 Aug 2014 20:57:20 +0530 Thu, 23 Jan 2025 15:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107194 Issue: whether empty barrels purchased from another entity are excisable after a 2008 Explanation deeming certain goods marketable. Respondents rely on Supreme Court precedent exempting drums/barrels cleared from factory and apply the two-component excise test: goods must be manufactured and marketable. Because the assessee does not manufacture the barrels, the manufacture requirement is unmet and excise duty is not payable; no post-2008 judgment on point was located and the 2003 departmental circular remains in force. Discussion-Forum Central Excise Tue, 19 Aug 2014 20:57:20 +0530 https://www.taxtmi.com/forum/issue?id=107194