https://www.taxtmi.com/caselaws?id=42498 Dip solution used in tyre manufacture was held not to be an artificial or synthetic resin under Tariff Item No. 15A(1), and on the evidence it was also not a marketable commodity. Because marketability is an essential ingredient of excisability, a product that is not known to the market as goods is not liable to excise duty merely by falling within a tariff description. The dip solution was therefore not exigible to excise duty, and the assessee succeeded. en-us Tue, 11 Apr 1989 00:00:00 +0530 Fri, 11 Jun 2010 16:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42498 Dip solution used in tyre manufacture was held not to be an artificial or synthetic resin under Tariff Item No. 15A(1), and on the evidence it was also not a marketable commodity. Because marketability is an essential ingredient of excisability, a product that is not known to the market as goods is not liable to excise duty merely by falling within a tariff description. The dip solution was therefore not exigible to excise duty, and the assessee succeeded. Case-Laws Central Excise Tue, 11 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42498