Retrospective amendment power affirmed; refunds allowed for excise collected improperly, with a six month claim window. Amendment deems a prior Central Excise notification retrospectively amended as specified in the Third Schedule and affirms that the Central Government had retrospective power to make such amendments. It authorises refunds of excise duty collected but not collectible had the notification been in force, subject to the statutory refund regime, and requires refund claims to be lodged within six months from the date the Finance Bill, 2015 receives presidential assent.
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Provisions expressly mentioned in the judgment/order text.
Retrospective amendment power affirmed; refunds allowed for excise collected improperly, with a six month claim window.
Amendment deems a prior Central Excise notification retrospectively amended as specified in the Third Schedule and affirms that the Central Government had retrospective power to make such amendments. It authorises refunds of excise duty collected but not collectible had the notification been in force, subject to the statutory refund regime, and requires refund claims to be lodged within six months from the date the Finance Bill, 2015 receives presidential assent.
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