https://www.taxtmi.com/caselaws?id=441441 Marketability remains a necessary condition for excisability, and the intermediate lamination product was treated as marketable because it was stored in controlled conditions, moved for further processing, and was capable of being bought and sold in the relevant sense. Where materials were supplied by the appellant and the job-work chain was under its control, the appellant was treated as the principal manufacturer for central excise purposes. The extended limitation plea failed because prior exposure to similar levy disputes supported invocation of the longer period. Penalty under Rule 25 was held unsustainable as it could not be imposed outside the statutory scheme governing excise demands and penalties. en-us Thu, 13 Jul 2023 00:00:00 +0530 Tue, 08 Aug 2023 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441441 Marketability remains a necessary condition for excisability, and the intermediate lamination product was treated as marketable because it was stored in controlled conditions, moved for further processing, and was capable of being bought and sold in the relevant sense. Where materials were supplied by the appellant and the job-work chain was under its control, the appellant was treated as the principal manufacturer for central excise purposes. The extended limitation plea failed because prior exposure to similar levy disputes supported invocation of the longer period. Penalty under Rule 25 was held unsustainable as it could not be imposed outside the statutory scheme governing excise demands and penalties. Case-Laws Central Excise Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441441