https://www.taxtmi.com/caselaws?id=73268 Printed cartons and boxes manufactured before the 1982-83 budget, when they fell under Tariff Item 68 and were covered by exemption Notification No. 122/75-C.E., did not become liable to central excise duty merely because they were cleared later after being placed under Tariff Item 174. The Tribunal applied its earlier view that liability for pre-budget stock is governed by the exemption and tariff position existing at the time of manufacture, not by a subsequent budgetary change at the stage of clearance. On that basis, the goods were held not liable to duty and the assessee succeeded. en-us Wed, 26 Aug 1987 00:00:00 +0530 Mon, 30 May 2011 16:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73268 Printed cartons and boxes manufactured before the 1982-83 budget, when they fell under Tariff Item 68 and were covered by exemption Notification No. 122/75-C.E., did not become liable to central excise duty merely because they were cleared later after being placed under Tariff Item 174. The Tribunal applied its earlier view that liability for pre-budget stock is governed by the exemption and tariff position existing at the time of manufacture, not by a subsequent budgetary change at the stage of clearance. On that basis, the goods were held not liable to duty and the assessee succeeded. Case-Laws Central Excise Wed, 26 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73268