https://www.taxtmi.com/caselaws?id=42211 Carded gilled sliver, produced only at an intermediate stage in the continuous manufacture of woollen yarn, was not liable to excise duty because it lacked marketability and could not be sold or removed without destroying its identity. Excise duty attaches only to goods capable of being sold in the market and therefore answering the description of excisable goods. The later authority relied on by the Revenue was distinguished as dealing with the point of levy rather than the threshold requirement of marketability. en-us Mon, 28 Mar 1988 00:00:00 +0530 Wed, 09 Jun 2010 17:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42211 Carded gilled sliver, produced only at an intermediate stage in the continuous manufacture of woollen yarn, was not liable to excise duty because it lacked marketability and could not be sold or removed without destroying its identity. Excise duty attaches only to goods capable of being sold in the market and therefore answering the description of excisable goods. The later authority relied on by the Revenue was distinguished as dealing with the point of levy rather than the threshold requirement of marketability. Case-Laws Central Excise Mon, 28 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42211