https://www.taxtmi.com/caselaws?id=122466 Withdrawal of the exemption on texturised yarn made the goods excisable and duty became payable from the budget date, so the earlier view that the goods were not excisable was incorrect. For excisable goods, the applicable rate is the rate in force on the date of removal, and that principle governed clearance of the yarn on 28-02-1994 after the exemption had been withdrawn. The precedent relied on below was inapplicable because it concerned a different situation where excisability itself was not in issue. Duty liability on the cleared goods was therefore sustained and the Revenue's appeal succeeded. en-us Mon, 05 Sep 2005 00:00:00 +0530 Mon, 13 Aug 2012 18:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122466 Withdrawal of the exemption on texturised yarn made the goods excisable and duty became payable from the budget date, so the earlier view that the goods were not excisable was incorrect. For excisable goods, the applicable rate is the rate in force on the date of removal, and that principle governed clearance of the yarn on 28-02-1994 after the exemption had been withdrawn. The precedent relied on below was inapplicable because it concerned a different situation where excisability itself was not in issue. Duty liability on the cleared goods was therefore sustained and the Revenue's appeal succeeded. Case-Laws Central Excise Mon, 05 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122466