https://www.taxtmi.com/caselaws?id=349505 Marketability, not actual sale, is the decisive test for excise duty: a manufactured product is exigible if it is capable of being bought and sold, even if no sale has occurred. A departmental circular dealing with non-marketable intermediate mixtures in agarbathi manufacture could not be treated as an exemption notification or extended to a liquid perfumery compound that was stored, transported and sold in the open market. On those facts, the perfumery compound was marketable and excisable, and the duty demand was sustained. en-us Thu, 12 Oct 2017 00:00:00 +0530 Fri, 29 Dec 2017 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349505 Marketability, not actual sale, is the decisive test for excise duty: a manufactured product is exigible if it is capable of being bought and sold, even if no sale has occurred. A departmental circular dealing with non-marketable intermediate mixtures in agarbathi manufacture could not be treated as an exemption notification or extended to a liquid perfumery compound that was stored, transported and sold in the open market. On those facts, the perfumery compound was marketable and excisable, and the duty demand was sustained. Case-Laws Central Excise Thu, 12 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349505