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(1) Intermediate petroleum products such as Slop oil, Burner Fuel, Intermediate fuel component Intermediate bitumen, reduced crude, etc., are not liable to duty under any of the items, of the Central Excise tariff prior to 24th April 1962. Therefore, if any duty has been recovered on the intermediate petroleum products prior to 24th April 1962, the same is refundable to the Refineries.

(2) Intermediate petroleum products are assessable to duty at 5% ad valorem under Item 11-A of the Central Excise Tariff with effect from 24th April 1962. However, such products are exempted from duty provided these are used as fuel within the Refineries for the production or manufacture of other finished petroleum products with effect from 18th May 1963 by virtue of the Government of India, Notification No. 74/63 dated 18th May 1963 referred to above.