https://www.taxtmi.com/caselaws?id=72064 Parliament was held competent under Article 246 read with Entry 84 of List I to insert the Explanation in section 4(4)(d)(ii) of the Central Excises and Salt Act, 1944, and the amendment could operate retrospectively from 1-10-1975 as a valid clarificatory and validating provision. For excise valuation under section 4, only the duty actually payable after giving effect to an exemption notification may be excluded from assessable value. A Collector cannot expand or modify the notification by trade notice, so the notice and assessment orders founded on it were quashed and the matter was remitted for redetermination according to law. en-us Thu, 03 Oct 1985 00:00:00 +0530 Thu, 18 Aug 2011 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72064 Parliament was held competent under Article 246 read with Entry 84 of List I to insert the Explanation in section 4(4)(d)(ii) of the Central Excises and Salt Act, 1944, and the amendment could operate retrospectively from 1-10-1975 as a valid clarificatory and validating provision. For excise valuation under section 4, only the duty actually payable after giving effect to an exemption notification may be excluded from assessable value. A Collector cannot expand or modify the notification by trade notice, so the notice and assessment orders founded on it were quashed and the matter was remitted for redetermination according to law. Case-Laws Income Tax Thu, 03 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72064