https://www.taxtmi.com/caselaws?id=353512 The Tribunal ruled in favor of the appellants in a case concerning the classification of 'Residual Crude Petroleum Oil' under Tariff Item No.27139000. Citing a previous decision, the Tribunal held that the oil should be classified under Tariff Item No.2709.00.00, setting aside the demand and penalty imposed by the revenue. The show cause notice demanding Central Excise duty and penalties was deemed invalid due to the settled classification. The Tribunal emphasized the importance of following precedent decisions and granted the appellant relief in line with the law. en-us Wed, 07 Jun 2017 00:00:00 +0530 Sat, 06 Jan 2018 07:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353512 The Tribunal ruled in favor of the appellants in a case concerning the classification of 'Residual Crude Petroleum Oil' under Tariff Item No.27139000. Citing a previous decision, the Tribunal held that the oil should be classified under Tariff Item No.2709.00.00, setting aside the demand and penalty imposed by the revenue. The show cause notice demanding Central Excise duty and penalties was deemed invalid due to the settled classification. The Tribunal emphasized the importance of following precedent decisions and granted the appellant relief in line with the law. Case-Laws Central Excise Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353512