SRF LTD. vs ASST.COLLECTOR OF CENTRAL EXCISE,TRICHY

The Supreme Court addressed the issue of whether Resorcinol Formaldehyde solution (RF solution) qualifies as 'goods' under Section 3 of the Central Excise and Salt Act, 1944. The Court upheld the Tribunal's decision that no excise duty was leviable on RF solutions, thus entitling the appellant to a refund under Section 11-B. However, due to amendments in the Act, particularly Sections 12-B and 12-C, the Court ruled that the refund amount should be credited to the consumer welfare fund, as the appellant failed to prove that the duty was not passed on to customers.