https://www.taxtmi.com/caselaws?id=234733 The revised excise levy proposed in the Finance Bill, 2012 was made effective from 17.03.2012 under the Provisional Collection of Taxes Act, 1931, but the later amendment shifting from an ad valorem to a specific rate was moved only on 07.05.2012 and the Finance Act received assent on 28.05.2012. On this prima facie view, the revised levy could not be enforced for the disputed earlier period, so immediate recovery of the differential duty was not warranted. The assessee was therefore granted complete waiver of pre-deposit of duty, interest and penalty, with stay of recovery pending appeal. en-us Mon, 22 Apr 2013 00:00:00 +0530 Wed, 17 Feb 2016 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234733 The revised excise levy proposed in the Finance Bill, 2012 was made effective from 17.03.2012 under the Provisional Collection of Taxes Act, 1931, but the later amendment shifting from an ad valorem to a specific rate was moved only on 07.05.2012 and the Finance Act received assent on 28.05.2012. On this prima facie view, the revised levy could not be enforced for the disputed earlier period, so immediate recovery of the differential duty was not warranted. The assessee was therefore granted complete waiver of pre-deposit of duty, interest and penalty, with stay of recovery pending appeal. Case-Laws Central Excise Mon, 22 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234733