https://www.taxtmi.com/caselaws?id=47530 Marketability is an essential condition for levy of central excise duty, and goods that are only theoretically capable of sale are not excisable unless they are marketable in the form in which they emerge from manufacture. On the materials before the Court, the intermediate glass fibre produced in the petitioner's integrated manufacturing process was not shown to be a marketable commodity, and that position was not effectively rebutted. The intermediate product was therefore not exigible to excise duty. en-us Thu, 05 May 2005 00:00:00 +0530 Thu, 29 Jul 2010 13:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47530 Marketability is an essential condition for levy of central excise duty, and goods that are only theoretically capable of sale are not excisable unless they are marketable in the form in which they emerge from manufacture. On the materials before the Court, the intermediate glass fibre produced in the petitioner's integrated manufacturing process was not shown to be a marketable commodity, and that position was not effectively rebutted. The intermediate product was therefore not exigible to excise duty. Case-Laws Central Excise Thu, 05 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47530