https://www.taxtmi.com/caselaws?id=42393 Excise duty applies only when a manufactured article is marketable as goods, meaning it must be capable of sale to consumers in the relevant sense. An intermediate product arising in varnish manufacture was described as an unfinished brown viscous sticky mass that could not be marketed as such and was unusable by ordinary consumers or other manufacturers without further elaborate processing and specialised know-how. On that basis, it did not satisfy the test of marketability and was not liable to excise duty. en-us Mon, 31 Oct 1988 00:00:00 +0530 Thu, 10 Jun 2010 18:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42393 Excise duty applies only when a manufactured article is marketable as goods, meaning it must be capable of sale to consumers in the relevant sense. An intermediate product arising in varnish manufacture was described as an unfinished brown viscous sticky mass that could not be marketed as such and was unusable by ordinary consumers or other manufacturers without further elaborate processing and specialised know-how. On that basis, it did not satisfy the test of marketability and was not liable to excise duty. Case-Laws Central Excise Mon, 31 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42393