https://www.taxtmi.com/caselaws?id=46492 Intermediate products arising during manufacture were alleged to attract excise duty and the revenue invoked the proviso to s.11A on the basis of suppression due to non-filing of a classification list and incomplete disclosure about temporary storage. The SC held that excisability requires manufacture and marketability, and crude/unstable intermediates requiring further processing are not marketable merely because they fall in the tariff. On limitation, the SC found no fraud, collusion, wilful misstatement or suppression: the department had inspected the premises, knew intermediates were being stored, and similar goods of a sister concern were not being assessed, supporting bona fide belief. The extended period was therefore unavailable, and the demand failed. en-us Thu, 13 Feb 2003 00:00:00 +0530 Fri, 26 Dec 2025 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46492 Intermediate products arising during manufacture were alleged to attract excise duty and the revenue invoked the proviso to s.11A on the basis of suppression due to non-filing of a classification list and incomplete disclosure about temporary storage. The SC held that excisability requires manufacture and marketability, and crude/unstable intermediates requiring further processing are not marketable merely because they fall in the tariff. On limitation, the SC found no fraud, collusion, wilful misstatement or suppression: the department had inspected the premises, knew intermediates were being stored, and similar goods of a sister concern were not being assessed, supporting bona fide belief. The extended period was therefore unavailable, and the demand failed. Case-Laws Central Excise Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46492