Speciality oils - 287/86 - Central Excise - Tariff

Speciality oils

Notification No. 287/86-C.E.

Dated 5-5-1986

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts speciality oils, falling under sub-heading No. 2710.99 or 3403.00 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 12% ad valorem.

Provided that nothing contained in this notification shall apply to any such speciality oil manufactured by blending or compounding of any mineral oils (falling under Chapter 27 of the said Schedule on which the duty of excise leviable under section 3 of the Central Excises and Salt Act, 1944 (1 of 1944), or the additional duty leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), as the case may be, has not already been paid.

Explanation.— For the purposes of this notification, "speciality oil" means any preparation made by blending or compounding of mineral oils [falling under Chapter 27 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)] with other oils or any other substance and is intended for industrial uses (other than for use as lubricant) and of which the lubrication function, if any, is only secondary in nature.