M/S. Nicholas Piramal India Ltd vs Commnr. Of Central Excise, Mumbai

The Supreme Court addressed the issue of excisability of 'Vitamin A Acetate Crude' and 'Vitamin A Palmitate' under Section 35L(b) of the Central Excise Act, 1944. The Court upheld the Tribunal's finding that these products are marketable and thus liable to excise duty, emphasizing that commercial marketability is not negated by instability at room temperature or lack of standard specifications. The appeal was dismissed, affirming the duty liability on the appellant for the specified period.