https://www.taxtmi.com/caselaws?id=368667 An intermediate sugar syrup used captively in biscuit manufacture was treated as not liable to central excise duty because no evidence showed that it was marketable. The Tribunal followed earlier coordinate-bench reasoning that excisability of an intermediate product depends on proof that it comes into existence in a marketable form, and that marketability must be established by evidence. On that basis, the captively consumed syrup was held outside duty, with the issue decided in favour of the assessee and against the Revenue. en-us Wed, 03 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 09:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368667 An intermediate sugar syrup used captively in biscuit manufacture was treated as not liable to central excise duty because no evidence showed that it was marketable. The Tribunal followed earlier coordinate-bench reasoning that excisability of an intermediate product depends on proof that it comes into existence in a marketable form, and that marketability must be established by evidence. On that basis, the captively consumed syrup was held outside duty, with the issue decided in favour of the assessee and against the Revenue. Case-Laws Central Excise Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368667