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socreative
says

I was wondering if I could put PSD template up on sale and then later i will slice it up and put it up on sale as well as a HTML template? is it allowed on theme forest ?

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+1 more
mrjasmin
says

Yes.

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+12 more
jremick
Envato team
says

Yup, but once your HTML version is available, we prefer that you include the PSD with the HTML version and remove the PSD version from the marketplace to prevent clutter and confusion.

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+5 more
CreativeMilk
says

yes you can but a HTML version sells better than a PSD version (tip) most of the times.

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CreativeMilk
says

edit:double :S

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