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<h1>Central Govt Exempts Certain Speciality Oils from Excise Duty Over 12% as per Notification No. 287/86-C.E.</h1> The Central Government issued Notification No. 287/86-C.E. on May 5, 1986, under the Central Excise Rules, 1944, exempting speciality oils under sub-headings 2710.99 or 3403.00 from excise duty exceeding 12% ad valorem. This exemption does not apply to speciality oils produced by blending or compounding mineral oils if the excise duty under the Central Excises and Salt Act, 1944, or additional duty under the Customs Tariff Act, 1975, has not been paid. Speciality oils are defined as preparations made by blending mineral oils with other substances for industrial use, where lubrication is a secondary function.