https://www.taxtmi.com/caselaws?id=82678 Clearances made before midnight on Budget day were not subject to an enhanced excise duty rate announced in the Budget, because the budget proposal could operate only in accordance with the Provisional Collection of Taxes Act and the Central Excise Rules. The Tribunal read those provisions harmoniously and applied the same principle previously adopted on the point, holding that a new levy or an increase in existing duty cannot be fastened on goods cleared before the statutory commencement time merely because the enhancement has been announced. The pre-existing rate therefore continued to apply until the budget measure took effect. en-us Thu, 19 Aug 1993 00:00:00 +0530 Wed, 06 Jul 2011 17:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82678 Clearances made before midnight on Budget day were not subject to an enhanced excise duty rate announced in the Budget, because the budget proposal could operate only in accordance with the Provisional Collection of Taxes Act and the Central Excise Rules. The Tribunal read those provisions harmoniously and applied the same principle previously adopted on the point, holding that a new levy or an increase in existing duty cannot be fastened on goods cleared before the statutory commencement time merely because the enhancement has been announced. The pre-existing rate therefore continued to apply until the budget measure took effect. Case-Laws Central Excise Thu, 19 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82678