Answer / harrie007

follwing are the prerequisites to held a product to be
Excisable:-
1. goods must be movable
2. must be marketable (i.e. capable of being sold and
purchased in the open market)
3. they must be manufactured or produced (i.e. they should
not be constructed or anything else)
4.they must be manufactured or produced in India only.
5. the goods must be mentioned in CETA (Central Excise
Tariff Act)

Hence, if the above 5 conditions are satisfied the product
is Excisable.

Answer / navin kumar

Three Condition of Excisable goods
1.There should be a goods.
2.Good should be Moveble & Marketable.
3.Good shuld be covered in CETA(Central Excise Tarif Act).

what do you mean by cenvat? and in which is liable?

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