https://www.taxtmi.com/caselaws?id=54166 A captively consumed chemical preparation used for processing cinematographic film negatives was held non-excisable because it was not shown to be marketable and had no shelf life. The Tribunal relied on factual findings that the product could not be marketed and on earlier decisions treating similar film-processing solutions as not known to the market as goods. Revenue's authorities were distinguished because those cases involved products where marketability and shelf life had been established. The operative result was that the preparation did not fall within excisable goods under Chapter 37, and the dropping of proceedings against the assessee was sustained. en-us Wed, 16 Mar 2005 00:00:00 +0530 Mon, 18 Oct 2010 13:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54166 A captively consumed chemical preparation used for processing cinematographic film negatives was held non-excisable because it was not shown to be marketable and had no shelf life. The Tribunal relied on factual findings that the product could not be marketed and on earlier decisions treating similar film-processing solutions as not known to the market as goods. Revenue's authorities were distinguished because those cases involved products where marketability and shelf life had been established. The operative result was that the preparation did not fall within excisable goods under Chapter 37, and the dropping of proceedings against the assessee was sustained. Case-Laws Central Excise Wed, 16 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54166