Lubricating preparations [Chapter 34] - 13/92 - Central Excise - Tariff

Lubricating preparations [Chapter 34]

Notification No. 13/92-C.E.

Dated 1-3-1992

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts lubricating preparations, not containing petroleum oils or of oils obtained from bituminous minerals and falling under heading No. 34.03 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the duty of excise leviable thereon which is specified in the said Schedule, as is in excess of the amount calculated at the rate of 15% ad valorem.