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of <h1>Finance Act 2003 Amends Excise Notifications Retroactively; Overrides Court Decisions, Bars Legal Actions, Enforces Duty Recovery</h1> The Finance Act, 2003, amends specific notifications issued under section 5A of the Central Excise Act, retrospectively affecting notifications dated July 8, 1999. These amendments, detailed in the Ninth Schedule, are deemed effective from specified dates, overriding any court decisions. The Central Government is empowered to make these amendments with retrospective effect. Legal proceedings related to actions under the amended notifications are barred, and enforcement of related decrees is prohibited. Duties or charges not collected or refunded due to these amendments must be recovered within 30 days of the Finance Bill's presidential assent, with a 15% annual interest for late payments. No actions previously non-punishable will be considered offenses due to these amendments.
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