https://www.taxtmi.com/caselaws?id=363372 The Appellate Tribunal CESTAT Chennai ruled in favor of the appellant, a petroleum products manufacturer, in a case concerning the classification of Light Diesel Oil (LDO) and Furnace Oil (FO) for excise duty purposes. The dispute arose from the mixing of LDO and FO in storage tanks, leading to the clearance of LDO as FO and the need to pay excise duty applicable to FO. The Tribunal clarified differential duty liability for specific periods, upheld the appellant's argument on adjustments of excise duty payments, and disagreed with the imposition of a penalty by the adjudicating authority, ultimately allowing the appeal in favor of the appellant. en-us Wed, 30 May 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363372 The Appellate Tribunal CESTAT Chennai ruled in favor of the appellant, a petroleum products manufacturer, in a case concerning the classification of Light Diesel Oil (LDO) and Furnace Oil (FO) for excise duty purposes. The dispute arose from the mixing of LDO and FO in storage tanks, leading to the clearance of LDO as FO and the need to pay excise duty applicable to FO. The Tribunal clarified differential duty liability for specific periods, upheld the appellant's argument on adjustments of excise duty payments, and disagreed with the imposition of a penalty by the adjudicating authority, ultimately allowing the appeal in favor of the appellant. Case-Laws Central Excise Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363372