https://www.taxtmi.com/caselaws?id=437045 Intermediate sugar syrup arising during biscuit manufacture was not shown to emerge in a marketable condition, so it failed the test of excisability. The Tribunal noted that the product had only a very short life in the form in which it came into existence and that the department had not established marketability. Following earlier decisions on identical facts, it held that the captive intermediate product could not attract central excise duty. Duty, interest, and penalties were therefore unsustainable, and the appeal was allowed. en-us Thu, 20 Apr 2023 00:00:00 +0530 Thu, 27 Apr 2023 08:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437045 Intermediate sugar syrup arising during biscuit manufacture was not shown to emerge in a marketable condition, so it failed the test of excisability. The Tribunal noted that the product had only a very short life in the form in which it came into existence and that the department had not established marketability. Following earlier decisions on identical facts, it held that the captive intermediate product could not attract central excise duty. Duty, interest, and penalties were therefore unsustainable, and the appeal was allowed. Case-Laws Central Excise Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437045