https://www.taxtmi.com/article/detailed?id=1513 Statutory power exists to grant and revoke tax exemptions, including by retrospective amendment that treats changes as operative at all material times; such amendments can convert suspended exemption benefits into recoverable duty obligations, permit denial of provisional refunds, and trigger statutory recovery and interest mechanisms. Procedural issues-issuance and scope of show cause notices, opportunity to be heard, delay in adjudication, and requirements for corrigenda or deposits-determine the administrative pathway by which duties and refunds are recharacterised following retrospective amendment. en-us Sat, 19 Nov 2011 08:32:27 +0530 Sat, 19 Nov 2011 08:32:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1513 Statutory power exists to grant and revoke tax exemptions, including by retrospective amendment that treats changes as operative at all material times; such amendments can convert suspended exemption benefits into recoverable duty obligations, permit denial of provisional refunds, and trigger statutory recovery and interest mechanisms. Procedural issues-issuance and scope of show cause notices, opportunity to be heard, delay in adjudication, and requirements for corrigenda or deposits-determine the administrative pathway by which duties and refunds are recharacterised following retrospective amendment. Articles Central Excise Sat, 19 Nov 2011 08:32:27 +0530 https://www.taxtmi.com/article/detailed?id=1513