https://www.taxtmi.com/caselaws?id=429619 Fabrication of duty-paid iron and steel items by cutting, bending, welding and drilling does not by itself create dutiable excisable goods unless the result is a commercially known product capable of sale in the open market. The Court applied the settled principle that marketability is an essential ingredient of central excise liability and found that the project-specific components made exclusively for particular hydroelectric projects were not shown to be marketable as such. On that basis, the items were held not liable to central excise duty and the order treating them as excisable goods was quashed, with consequential relief on the amount deposited. en-us Mon, 19 Sep 2022 00:00:00 +0530 Wed, 02 Nov 2022 09:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429619 Fabrication of duty-paid iron and steel items by cutting, bending, welding and drilling does not by itself create dutiable excisable goods unless the result is a commercially known product capable of sale in the open market. The Court applied the settled principle that marketability is an essential ingredient of central excise liability and found that the project-specific components made exclusively for particular hydroelectric projects were not shown to be marketable as such. On that basis, the items were held not liable to central excise duty and the order treating them as excisable goods was quashed, with consequential relief on the amount deposited. Case-Laws Central Excise Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429619