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of <h1>Supreme Court Rules on Cotspun Case: Section 11A Amendments Allow Retroactive Recovery of Past Demands in Excise Cases.</h1> The circular addresses pending assessments related to Cotspun Limited's case before the Supreme Court. Initially, demands for past periods were not enforced, pending the Court's decision. The Court ruled that changes in classification should be effective from the show cause notice date, not retroactively. However, amendments to Section 11A of the Central Excise Act by the Finance Act, 2000, now allow recovery for past periods. Authorities are instructed to finalize actions on pending show-cause notices accordingly. The circular modifies previous instructions and requests acknowledgment of receipt.
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