https://www.taxtmi.com/caselaws?id=102029 Split flap display boards conveying changing arrival and departure information were treated as visual signalling apparatus and indicator panels under Heading 8531, because HSN notes cover electrical signalling apparatus and exclude only static signs; classification under Heading 9405 was therefore rejected. The article also notes that assessable value may be computed on a cum-duty basis, in line with the earlier appellate view, and that Sections 11AC and 11AB do not apply retrospectively to periods before their introduction. The assessee prevailed on classification, while the Revenue's challenge on valuation and retrospective penalty and interest provisions failed. en-us Wed, 03 Apr 2002 00:00:00 +0530 Mon, 13 Feb 2012 14:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102029 Split flap display boards conveying changing arrival and departure information were treated as visual signalling apparatus and indicator panels under Heading 8531, because HSN notes cover electrical signalling apparatus and exclude only static signs; classification under Heading 9405 was therefore rejected. The article also notes that assessable value may be computed on a cum-duty basis, in line with the earlier appellate view, and that Sections 11AC and 11AB do not apply retrospectively to periods before their introduction. The assessee prevailed on classification, while the Revenue's challenge on valuation and retrospective penalty and interest provisions failed. Case-Laws Central Excise Wed, 03 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102029