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of <h1>Finance Act 1982: Section 4 Amendment Overrides Past Rulings, Allows Duty Reassessment from 1975, Dismisses Pending Cases.</h1> The amendment to Section 4 of the Central Excises and Salt Act, 1944, by the Finance Act, 1982, has been enacted, nullifying any prior court or tribunal decisions inconsistent with the amendment. This allows for reopening assessments from October 1, 1975, to determine and demand the correct duty liability. Demand notices should be issued under Section 47(2)(d) of the Finance Act, 1982. Refunds due to the amendment can be claimed under Section 47(2)(c) without the time limits of Section 11D. Pending suits or proceedings should be dismissed, and any court orders for refunds or stays on duty recovery should be vacated.
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