https://www.taxtmi.com/caselaws?id=42509 For central excise, marketability remains an essential condition of dutiability, and captive intermediate products used within an integrated manufacturing process are not liable if they are not known in the market as distinct commodities. Urea formaldehyde and phenol formaldehyde solutions used in plywood manufacture were treated as non-marketable intermediates without shelf-life, so the levy could not apply and the connected circular, notice, and assessment orders were unsustainable. The Court did not grant a direct refund in writ proceedings and left the assessee to seek refund before the competent authority. en-us Wed, 26 Apr 1989 00:00:00 +0530 Fri, 11 Jun 2010 16:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42509 For central excise, marketability remains an essential condition of dutiability, and captive intermediate products used within an integrated manufacturing process are not liable if they are not known in the market as distinct commodities. Urea formaldehyde and phenol formaldehyde solutions used in plywood manufacture were treated as non-marketable intermediates without shelf-life, so the levy could not apply and the connected circular, notice, and assessment orders were unsustainable. The Court did not grant a direct refund in writ proceedings and left the assessee to seek refund before the competent authority. Case-Laws Central Excise Wed, 26 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42509