https://www.taxtmi.com/caselaws?id=50145 Hotmelt wax emerging during manufacture of wax-coated wrappers and papers was held not to be marketable in the condition in which it arose. Marketability remains a necessary condition for excise duty even where an intermediate product is captively consumed. Because the Revenue produced no evidence that the molten wax could be bought and sold in the market as it emerged from the process, it could not be treated as excisable goods under Tariff Heading 34.04. The duty demand and connected penalty were therefore unsustainable. en-us Mon, 09 Oct 2000 00:00:00 +0530 Fri, 20 Aug 2010 10:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50145 Hotmelt wax emerging during manufacture of wax-coated wrappers and papers was held not to be marketable in the condition in which it arose. Marketability remains a necessary condition for excise duty even where an intermediate product is captively consumed. Because the Revenue produced no evidence that the molten wax could be bought and sold in the market as it emerged from the process, it could not be treated as excisable goods under Tariff Heading 34.04. The duty demand and connected penalty were therefore unsustainable. Case-Laws Central Excise Mon, 09 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50145