https://www.taxtmi.com/caselaws?id=261267 The Tribunal upheld the decision that the mixture of graphite and clay used in pencil manufacturing was not marketable, following the precedent set in the Umesh Pencil Processors case. Without evidence of marketability, the goods could not be considered excisable, leading to the dismissal of the demand for duty and penalty. The Tribunal emphasized the importance of demonstrating marketability in determining the classification of goods, ultimately allowing the appeals and granting consequential reliefs in favor of the assessee. en-us Wed, 15 Apr 2015 00:00:00 +0530 Tue, 07 Jul 2015 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261267 The Tribunal upheld the decision that the mixture of graphite and clay used in pencil manufacturing was not marketable, following the precedent set in the Umesh Pencil Processors case. Without evidence of marketability, the goods could not be considered excisable, leading to the dismissal of the demand for duty and penalty. The Tribunal emphasized the importance of demonstrating marketability in determining the classification of goods, ultimately allowing the appeals and granting consequential reliefs in favor of the assessee. Case-Laws Central Excise Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261267