https://www.taxtmi.com/caselaws?id=41815 Polyurethane foam produced insitu in a ship by the one-shot process was treated as manufactured or produced goods under Central Excise law because it resulted from a chemical and physical process using raw materials. The Court read the statutory scheme as covering goods both manufactured and produced, and held that marketability was satisfied since the foam had exchange value and no legal bar prevented sale. Its attachment to the ship did not exclude it from excisable goods. The product was therefore held liable to central excise duty. en-us Wed, 06 Mar 1985 00:00:00 +0530 Mon, 07 Jun 2010 12:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41815 Polyurethane foam produced insitu in a ship by the one-shot process was treated as manufactured or produced goods under Central Excise law because it resulted from a chemical and physical process using raw materials. The Court read the statutory scheme as covering goods both manufactured and produced, and held that marketability was satisfied since the foam had exchange value and no legal bar prevented sale. Its attachment to the ship did not exclude it from excisable goods. The product was therefore held liable to central excise duty. Case-Laws Central Excise Wed, 06 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41815