1997 (5) TMI 284 - AT - Customs

Summary

The judgment pertains to the classification of imported products by Indian Oil Corporation under the Import Export Policy. The dispute was whether the products fall under OGL Appendix 5B1(11) or 5B1(20). The Department claimed the goods were not covered due to low petroleum oil content. However, the Tribunal found that the products, despite containing less than 70% petroleum oil, were still considered lubricating preparation and covered under OGL. The appeal was allowed in favor of the appellants.