https://www.taxtmi.com/caselaws?id=765189 CESTAT Allahabad held that intermediate product PPFMY arising during manufacture of Narrow Woven Fabric is not marketable and hence not excisable goods. However, appellant who availed CENVAT credit on inputs cannot claim exemption under Notification 30/2004-Central Excise and must pay duty on finished goods. Tribunal upheld demand for excise duty on final product but set aside penalty under Section 11AC(1)(a). Matter remanded for re-quantification of duty demand after adjusting for duty already paid on intermediate product. Appeal allowed by way of remand. en-us Thu, 16 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765189 CESTAT Allahabad held that intermediate product PPFMY arising during manufacture of Narrow Woven Fabric is not marketable and hence not excisable goods. However, appellant who availed CENVAT credit on inputs cannot claim exemption under Notification 30/2004-Central Excise and must pay duty on finished goods. Tribunal upheld demand for excise duty on final product but set aside penalty under Section 11AC(1)(a). Matter remanded for re-quantification of duty demand after adjusting for duty already paid on intermediate product. Appeal allowed by way of remand. Case-Laws Central Excise Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765189