Final Products [Rule 2(h)]:
Final products means excisable goods manufactured or produced from input, or using input service.
Excisable goods are defined in section 2(d) of the Act to mean “goods which are specified in the Tariff as being subject to a duty of excise. Therefore, this term is wide enough to cover all products, whether final or intermediate, which are manufactured by the assessee by a manufacturing process. This may also include the goods which are exempted by way of notification.