https://www.taxtmi.com/caselaws?id=43951 Excise duty on an intermediate product depends on whether the article is marketable or at least capable of being marketed as goods. Although resin at the 'A' stage, known as resols, was specified in the tariff and used captively in making laminated sheets, duty was not attracted because the material was unstable, semi-processed and required controlled conditions or stabiliser to survive. Captive consumption alone did not create excisability, and the tariff entry could not displace the basic marketability requirement. The stated conclusion is that resols at the 'A' stage were not exigible to excise duty because marketability was not established. 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 depends on whether the article is marketable or at least capable of being marketed as goods. Although resin at the 'A' stage, known as resols, was specified in the tariff and used captively in making laminated sheets, duty was not attracted because the material was unstable, semi-processed and required controlled conditions or stabiliser to survive. Captive consumption alone did not create excisability, and the tariff entry could not displace the basic marketability requirement. The stated conclusion is that resols at the 'A' stage were not exigible to excise duty because marketability was not established. Case-Laws Central Excise Tue, 14 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43951