https://www.taxtmi.com/caselaws?id=50290 Aluminium wire rods were held marketable and therefore excisable because excisability depends on capability of being marketed, not on actual sale. The fact that the rods were manufactured for captive use and that ingots were sent to job workers for conversion did not negate marketability; certificates showing commercial inconvenience in drawing wires were insufficient to show incapability of market. Non-filing of classification lists, absence of proper records, and failure to disclose the duty-relevant use of the rods constituted suppression of material facts, supporting the extended limitation period. Separate penalties on the directors and manager under Rule 209A were found unsupported by the record and set aside. en-us Fri, 20 Oct 2000 00:00:00 +0530 Fri, 20 Aug 2010 18:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50290 Aluminium wire rods were held marketable and therefore excisable because excisability depends on capability of being marketed, not on actual sale. The fact that the rods were manufactured for captive use and that ingots were sent to job workers for conversion did not negate marketability; certificates showing commercial inconvenience in drawing wires were insufficient to show incapability of market. Non-filing of classification lists, absence of proper records, and failure to disclose the duty-relevant use of the rods constituted suppression of material facts, supporting the extended limitation period. Separate penalties on the directors and manager under Rule 209A were found unsupported by the record and set aside. Case-Laws Central Excise Fri, 20 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50290