https://www.taxtmi.com/caselaws?id=45031 The Supreme Court held that the multifold yarn prepared by the appellants was not liable for excise duty under the relevant Tariff Entry. The Court emphasized that for an article to attract excise duty, it must be capable of being sold in the market, with a distinct identity. As the Revenue failed to prove the marketability or distinct identity of the multifold yarn, it was not considered liable for excise duty. The Court allowed the appeals, set aside the previous orders, and directed the excise authorities to determine if a refund of the excise duty paid by the appellants was warranted. en-us Tue, 21 Mar 1995 00:00:00 +0530 Thu, 21 Jan 2016 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45031 The Supreme Court held that the multifold yarn prepared by the appellants was not liable for excise duty under the relevant Tariff Entry. The Court emphasized that for an article to attract excise duty, it must be capable of being sold in the market, with a distinct identity. As the Revenue failed to prove the marketability or distinct identity of the multifold yarn, it was not considered liable for excise duty. The Court allowed the appeals, set aside the previous orders, and directed the excise authorities to determine if a refund of the excise duty paid by the appellants was warranted. Case-Laws Central Excise Tue, 21 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45031