https://www.taxtmi.com/caselaws?id=347319 The Tribunal ruled in favor of the appellant, absolving them from the liability to pay central excise duty on trading activities involving LLP/HLP. The Tribunal determined that LLP/HLP did not fall under the category of lubricating oils or preparations, rejecting the Revenue's argument. The Tribunal also dismissed the imposition of a penalty under Rule 25 of Central Excise Rules, as the demand for central excise duty was deemed unsustainable. Consequently, the Tribunal allowed the appeals by the appellant, leading to a favorable outcome for the appellant and the dismissal of the Revenue's appeal for penalty. en-us Mon, 10 Jul 2017 00:00:00 +0530 Thu, 04 Jan 2018 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347319 The Tribunal ruled in favor of the appellant, absolving them from the liability to pay central excise duty on trading activities involving LLP/HLP. The Tribunal determined that LLP/HLP did not fall under the category of lubricating oils or preparations, rejecting the Revenue's argument. The Tribunal also dismissed the imposition of a penalty under Rule 25 of Central Excise Rules, as the demand for central excise duty was deemed unsustainable. Consequently, the Tribunal allowed the appeals by the appellant, leading to a favorable outcome for the appellant and the dismissal of the Revenue's appeal for penalty. Case-Laws Central Excise Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347319