https://www.taxtmi.com/caselaws?id=468137 Prototypes cleared from a research and development unit for field trials or evaluation were treated as marketable because actual sale is not required; capability of being bought and sold in the condition in which they emerge is sufficient. On that basis, the goods were held excisable and duty with interest was sustained. The valuation adopted under the relevant valuation rules, including project cost as assessable value, was upheld. The penalty enhancement to the amount of the confirmed demand was not sustained, and the penalty was confined to the earlier level. en-us Mon, 12 Aug 2024 00:00:00 +0530 Fri, 17 Apr 2026 22:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468137 Prototypes cleared from a research and development unit for field trials or evaluation were treated as marketable because actual sale is not required; capability of being bought and sold in the condition in which they emerge is sufficient. On that basis, the goods were held excisable and duty with interest was sustained. The valuation adopted under the relevant valuation rules, including project cost as assessable value, was upheld. The penalty enhancement to the amount of the confirmed demand was not sustained, and the penalty was confined to the earlier level. Case-Laws Central Excise Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468137