https://www.taxtmi.com/caselaws?id=429912 Excise duty cannot be demanded on semi-finished goods or work in progress lying in stock at the time of debonding of a 100% EOU, because duty attaches only to excisable goods that have come into existence in a final and marketable form. The exit policy for EOUs covered imported and indigenous capital goods, raw materials, components, consumables, spares and finished stock, but did not extend to in-process goods. Prior Tribunal decisions treating work in progress and semi-finished goods as outside the debonding levy were followed, and the demand was held unsustainable. en-us Fri, 04 Nov 2022 00:00:00 +0530 Tue, 08 Nov 2022 09:19:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429912 Excise duty cannot be demanded on semi-finished goods or work in progress lying in stock at the time of debonding of a 100% EOU, because duty attaches only to excisable goods that have come into existence in a final and marketable form. The exit policy for EOUs covered imported and indigenous capital goods, raw materials, components, consumables, spares and finished stock, but did not extend to in-process goods. Prior Tribunal decisions treating work in progress and semi-finished goods as outside the debonding levy were followed, and the demand was held unsustainable. Case-Laws Central Excise Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429912