Classification of ATM Rolls as Printing Industry Products: CESTAT Sets Aside Excise Duty Demands

The CESTAT held that ATM rolls, when used for printing transaction records, fall under printing industry products and not as general paper products liable for excise duty. It set aside excise duty demands raised by authorities, reaffirming that classification should be based on predominant usage and industry norms. This ruling provides clarity for manufacturers and users of specialized paper rolls in banking and retail sectors.