https://www.taxtmi.com/caselaws?id=43951 Excise duty on an intermediate product specified in the tariff depends on whether it exists as distinct, movable, usable and marketable goods, or is at least capable of being marketed. Resin at the 'A' stage, chemically known as resols, was unstable, required stabilisation or controlled conditions, and was captively consumed in semi-processed form during continuous manufacture of laminated sheets. Captive consumption did not itself establish dutiability. As resols were not shown to be marketable or capable of being marketed, tariff specification alone did not make them exigible to excise duty. en-us Tue, 14 Feb 1995 00:00:00 +0530 Wed, 14 May 2025 13:24:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43951 Excise duty on an intermediate product specified in the tariff depends on whether it exists as distinct, movable, usable and marketable goods, or is at least capable of being marketed. Resin at the 'A' stage, chemically known as resols, was unstable, required stabilisation or controlled conditions, and was captively consumed in semi-processed form during continuous manufacture of laminated sheets. Captive consumption did not itself establish dutiability. As resols were not shown to be marketable or capable of being marketed, tariff specification alone did not make them exigible to excise duty. Case-Laws Central Excise Tue, 14 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43951