https://www.taxtmi.com/caselaws?id=763716 CESTAT Bangalore held that sugar syrup with 78.2% sugar content produced as an intermediate product during biscuit manufacturing is excisable, despite biscuits being exempt from duty. The tribunal applied the marketability test from Karnataka Soaps case, finding the syrup stable and marketable regardless of actual market sales. However, since the issue involved legal interpretation rather than suppression of facts, extended limitation period was rejected. Revenue's appeal was partly allowed - sugar syrup deemed excisable but demand restricted to normal limitation period with no penalty imposed on the appellant. en-us Fri, 25 Oct 2024 00:00:00 +0530 Thu, 26 Dec 2024 14:47:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763716 CESTAT Bangalore held that sugar syrup with 78.2% sugar content produced as an intermediate product during biscuit manufacturing is excisable, despite biscuits being exempt from duty. The tribunal applied the marketability test from Karnataka Soaps case, finding the syrup stable and marketable regardless of actual market sales. However, since the issue involved legal interpretation rather than suppression of facts, extended limitation period was rejected. Revenue's appeal was partly allowed - sugar syrup deemed excisable but demand restricted to normal limitation period with no penalty imposed on the appellant. Case-Laws Central Excise Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763716