https://www.taxtmi.com/caselaws?id=249530 A product classified under Chapter Sub-Heading 3403.00 was treated as a lubricating preparation where its composition and actual end use showed cooling and friction-reducing functions in cold rolling operations. The relevant meaning was taken from the HSN explanatory notes, which cover preparations designed to reduce friction between moving parts, including oils with additives. References to an earlier notification and a Board circular were considered inapposite because they related to a different tariff context and a withdrawn notification. On that basis, the product was regarded as eligible for concessional duty under the cited exemption notification, with the demand and penalty set aside. en-us Mon, 06 Jan 2014 00:00:00 +0530 Tue, 16 Jun 2015 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249530 A product classified under Chapter Sub-Heading 3403.00 was treated as a lubricating preparation where its composition and actual end use showed cooling and friction-reducing functions in cold rolling operations. The relevant meaning was taken from the HSN explanatory notes, which cover preparations designed to reduce friction between moving parts, including oils with additives. References to an earlier notification and a Board circular were considered inapposite because they related to a different tariff context and a withdrawn notification. On that basis, the product was regarded as eligible for concessional duty under the cited exemption notification, with the demand and penalty set aside. Case-Laws Central Excise Mon, 06 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249530