https://www.taxtmi.com/caselaws?id=47196 An intermediate compound was held marketable because marketability depends on capability of being bought and sold, and actual sale by the assessee is not required; comparison with a chemically identical product purchased in the market supported that finding. For classification, the compound was not an unfinished article with the essential character of a finished crayon, so Rule 2(a) did not apply. As an ingredient used in colouring preparations, and in light of Note 2 to Chapter 32, it fell under Heading 32.04 rather than Heading 96.09. The document states that marketability and Chapter 32 classification were affirmed, with connected appeals partly dismissed and partly allowed. en-us Tue, 18 Jan 2005 00:00:00 +0530 Tue, 17 Jun 2014 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47196 An intermediate compound was held marketable because marketability depends on capability of being bought and sold, and actual sale by the assessee is not required; comparison with a chemically identical product purchased in the market supported that finding. For classification, the compound was not an unfinished article with the essential character of a finished crayon, so Rule 2(a) did not apply. As an ingredient used in colouring preparations, and in light of Note 2 to Chapter 32, it fell under Heading 32.04 rather than Heading 96.09. The document states that marketability and Chapter 32 classification were affirmed, with connected appeals partly dismissed and partly allowed. Case-Laws Central Excise Tue, 18 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47196