1989 (4) TMI 88 - HC - Central Excise

Summary

The High Court of Bombay ruled that the dip solution used by the Respondent-Company in manufacturing tires does not attract excise duty under Tariff Item No. 15A(1) as it is not an artificial or synthetic resin and is not a marketable commodity. The court upheld the decision of the learned Single Judge, stating that the dip solution is not liable for excise duty. The appeal was dismissed.