Indian Oil Corporation Ltd vs Commnr. Of Central Excise, Vadodara

The Supreme Court addressed civil appeals under Section 35L(b) of the Central Excise Act, 1944, concerning the denial of concessional excise duty rates under Notifications No. 5/98-CE and 5/99-CE for kerosene products by the Tribunal. The Court held that the assessee, M/s Indian Oil Corporation Ltd, was entitled to the concessional rates as specified in the notifications, emphasizing the importance of compliance with the conditions laid out in the notifications. The judgment reversed the Tribunal's order, granting the benefit of the concessional rate of excise duty to the appellant.