https://www.taxtmi.com/caselaws?id=40885 An aqueous solution of phenolic resin was held not to fall within Item 15-A of the First Schedule to the Central Excises and Salt Act, 1944 as artificial or synthetic resin. The material showed that phenolic resin becomes finished resin only after dehydration and removal of water, so a resin-and-water solution remained an intermediate product rather than manufactured resin in liquid form. Excise duty therefore could not be charged on the whole weight of the solution; where the resin content is identifiable, duty applies only to that resin content and not to the total solution. en-us Wed, 22 Oct 1980 00:00:00 +0530 Sat, 15 May 2010 15:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40885 An aqueous solution of phenolic resin was held not to fall within Item 15-A of the First Schedule to the Central Excises and Salt Act, 1944 as artificial or synthetic resin. The material showed that phenolic resin becomes finished resin only after dehydration and removal of water, so a resin-and-water solution remained an intermediate product rather than manufactured resin in liquid form. Excise duty therefore could not be charged on the whole weight of the solution; where the resin content is identifiable, duty applies only to that resin content and not to the total solution. Case-Laws Central Excise Wed, 22 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40885