https://www.taxtmi.com/caselaws?id=82027 A prospective exemption amendment under Notification No. 38/83-C.E. applied only from 27-4-1983 because no retrospective intent was expressed. Clearances of nail polish manufactured by an independent loan-licensee were not clubbed with the appellants' clearances absent proof that the other unit was a dummy concern. On valuation, the final sale basis was upheld in view of the common control and distributor structure, subject to deduction of sales tax if proved. Suppression of material facts justified penalty, though the amount was reduced. en-us Wed, 22 Jul 1992 00:00:00 +0530 Fri, 01 Jul 2011 14:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82027 A prospective exemption amendment under Notification No. 38/83-C.E. applied only from 27-4-1983 because no retrospective intent was expressed. Clearances of nail polish manufactured by an independent loan-licensee were not clubbed with the appellants' clearances absent proof that the other unit was a dummy concern. On valuation, the final sale basis was upheld in view of the common control and distributor structure, subject to deduction of sales tax if proved. Suppression of material facts justified penalty, though the amount was reduced. Case-Laws Central Excise Wed, 22 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82027