Shervani Industrial Syndicate Ltd. vs Collector Of Central Excise

The Supreme Court addressed the classification of zinc flat forms produced by battery manufacturers under Tariff Entry 266(2), determining that these forms qualify as zinc sheets. The Court upheld the Tribunal's finding that the products are excisable goods despite the appellants' claim of non-marketability. The civil appeal was dismissed, allowing the appellants to apply for profonna credit on duty for zinc ingots, with a stipulation regarding the bank guarantee for duty payment.