https://www.taxtmi.com/caselaws?id=51681 Intermediate sugar syrup arising in the manufacture of aerated water was treated as non-excisable because it had not reached the stage of marketability. The Tribunal relied on the factual finding that the syrup was not being marketed and on a Board circular stating that such in-process material remains an intermediate combination of materials rather than a marketable product. On that basis, the duty demand could not be sustained, since excise liability depends on the product attaining marketable status before it can fall within the charging net. en-us Thu, 05 Sep 2002 00:00:00 +0530 Mon, 27 Sep 2010 15:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51681 Intermediate sugar syrup arising in the manufacture of aerated water was treated as non-excisable because it had not reached the stage of marketability. The Tribunal relied on the factual finding that the syrup was not being marketed and on a Board circular stating that such in-process material remains an intermediate combination of materials rather than a marketable product. On that basis, the duty demand could not be sustained, since excise liability depends on the product attaining marketable status before it can fall within the charging net. Case-Laws Central Excise Thu, 05 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51681