https://www.taxtmi.com/caselaws?id=124405 Fat liquors used as fat liquoring agents in the leather industry were held not to qualify as lubricating preparations under Notification No. 12/94-C.E., because Chapter Heading 3403.00 separately covers preparations used for the oil or grease treatment of leather and similar materials. The concessional exemption was therefore denied and the duty demand sustained. Penalty under Rule 173Q was, however, set aside because the dispute arose from bona fide interpretation of the exemption entry and there was no mala fide conduct. The result was confirmation of the duty liability with deletion of penalty. en-us Wed, 16 Jul 2008 00:00:00 +0530 Fri, 28 Sep 2012 18:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124405 Fat liquors used as fat liquoring agents in the leather industry were held not to qualify as lubricating preparations under Notification No. 12/94-C.E., because Chapter Heading 3403.00 separately covers preparations used for the oil or grease treatment of leather and similar materials. The concessional exemption was therefore denied and the duty demand sustained. Penalty under Rule 173Q was, however, set aside because the dispute arose from bona fide interpretation of the exemption entry and there was no mala fide conduct. The result was confirmation of the duty liability with deletion of penalty. Case-Laws Central Excise Wed, 16 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124405