TMI BlogEXTRACTS FROM THE CENTRAL EXCISE ACT, 1944 (1 OF 1944)X X X X Extracts X X X X X X X X Extracts X X X X ..... cond Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) as being subject to a duty of excise and includes salt; Explanation .-For the purposes of this clause, goods includes any article, material or substance which is capable of being bought and sold for a consideration and such goods shall be deemed to be marketable. (e) factory means any premises, including the precinct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation of retail sale price on it or adoption of any other treatment on the goods to render the product marketable to the consumer, and the word manufacturer shall be construed accordingly and shall include not only a person who employs hired labour in the production or manufacture of excisable goods, but also any person who engages in their production or manufacture on his own account. - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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