Greets,
The seal should be installed with the seal lip facing upward(out). If installed improperly, upside down or damaged during installation, the seal can leak. It is important that the seal be driven into the lower fork case perfectly aligned and fully seated against the stop. If the seal is installed even slightly cocked or deformed by excessive force, it will leak. The seal lip would be angled against the fork tube causing rapid wear and elongation. If the sealing lip is damaged by the slightest nick, it too will cause leakage. It is important that the seal be installed using pressure only on the outer perimeter of the seal without contacting the sealing lip. If the taper you are referring to is the taper from the outer edge of the seal to the center sealing lip, it should be facing up. As a rule, seals are usually installed with the seal number facing out when used in a blind opening. Hope this helps...