https://www.taxtmi.com/caselaws?id=798058 Sugar syrup containing more than 65% sugar by weight is stable, capable of being bought and sold, and therefore marketable and excisable under the Central Excise Act, even when captively consumed in exempt biscuit manufacture; actual sale is unnecessary. Extended limitation, interest and penalty apply where production and captive consumption of the syrup without duty payment were not disclosed in communications or ER-1 returns. Where duty is payable on the intermediate syrup, Cenvat credit for sugar used in its manufacture is available upon production and verification of duty-paying invoices; the credit requires verification and quantification. en-us Mon, 31 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798058 Sugar syrup containing more than 65% sugar by weight is stable, capable of being bought and sold, and therefore marketable and excisable under the Central Excise Act, even when captively consumed in exempt biscuit manufacture; actual sale is unnecessary. Extended limitation, interest and penalty apply where production and captive consumption of the syrup without duty payment were not disclosed in communications or ER-1 returns. Where duty is payable on the intermediate syrup, Cenvat credit for sugar used in its manufacture is available upon production and verification of duty-paying invoices; the credit requires verification and quantification. Case-Laws Central Excise Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798058