https://www.taxtmi.com/caselaws?id=40961 Notification No. 4/68-C.E. made excise exemption conditional on duty having been paid on the surface active agents used as raw material, or on those agents being purchased from the open market after 20 January 1968. The prior-payment condition did not apply because the raw material had been bought from a manufacturer whose production was already exempt. The phrase "open market" was held to mean a general commercial market open to all willing purchasers, not a physical bazaar or market-place. As the supplier sold to all customers without restriction, the purchases qualified as open market purchases and the excise exemption was available. en-us Thu, 03 Sep 1981 00:00:00 +0530 Fri, 01 Aug 2014 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40961 Notification No. 4/68-C.E. made excise exemption conditional on duty having been paid on the surface active agents used as raw material, or on those agents being purchased from the open market after 20 January 1968. The prior-payment condition did not apply because the raw material had been bought from a manufacturer whose production was already exempt. The phrase "open market" was held to mean a general commercial market open to all willing purchasers, not a physical bazaar or market-place. As the supplier sold to all customers without restriction, the purchases qualified as open market purchases and the excise exemption was available. Case-Laws Central Excise Thu, 03 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40961