https://www.taxtmi.com/caselaws?id=43845 Marketability is an essential ingredient of excisability, so excise duty on PVC compound granules cannot be sustained on proof of manufacture alone. The Supreme Court noted that goods must ordinarily be capable of being bought and sold, and that marketability is a factual issue requiring a finding on the evidence in each case. Because the Tribunal recorded manufacture but did not find that the granules were marketable or saleable, the levy was held infirm and the matter was remitted for fresh consideration on marketability. en-us Tue, 20 Sep 1994 00:00:00 +0530 Thu, 16 Oct 2025 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43845 Marketability is an essential ingredient of excisability, so excise duty on PVC compound granules cannot be sustained on proof of manufacture alone. The Supreme Court noted that goods must ordinarily be capable of being bought and sold, and that marketability is a factual issue requiring a finding on the evidence in each case. Because the Tribunal recorded manufacture but did not find that the granules were marketable or saleable, the levy was held infirm and the matter was remitted for fresh consideration on marketability. Case-Laws Central Excise Tue, 20 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43845