https://www.taxtmi.com/caselaws?id=259154 The Court held that excise duty is payable on the Transmission Assembly used in manufacturing tractors as it qualifies as a marketable commodity. The Court found that the Transmission Assembly was commercially known and capable of being sold, meeting the criteria for marketability. However, the extended period of limitation for excise duty demand was not applicable due to the absence of fraud or willful suppression of facts by the appellant. The show cause notice was quashed based on the limitation ground in various related judgments. en-us Wed, 29 Apr 2015 00:00:00 +0530 Tue, 13 Sep 2016 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259154 The Court held that excise duty is payable on the Transmission Assembly used in manufacturing tractors as it qualifies as a marketable commodity. The Court found that the Transmission Assembly was commercially known and capable of being sold, meeting the criteria for marketability. However, the extended period of limitation for excise duty demand was not applicable due to the absence of fraud or willful suppression of facts by the appellant. The show cause notice was quashed based on the limitation ground in various related judgments. Case-Laws Central Excise Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259154